Disruptions and Risk Management in Supply Chains Before and During the COVID-19 Pandemic

ABSTRACT

Purpose: The article presents an analysis of the weaknesses of the current approach used in risk management during the COVID-19 pandemic. Referring to the previous (pre-pandemic) theoretical considerations, an assessment of the activities applied in companies is presented. Design/Methodology/Approach: The first part of the article presents the theoretical aspects of risk management. The next part is discussing the survey results. The final part presents the effects of the COVID-19 pandemic and the details of changing attitudes towards the sphere of risk management. Findings: Despite numerous literature studies, problems related to risk management have been marginalized for decades. This is confirmed by, for example, surveys. COVID-19 has forced a radical change in attitude to issues related to risk management. Practical Implications The directions of changes in the area of economic policy at the EU and US level as well as changes in the attitude of managers were indicated. Originality/Value The paper shows the scale, direction and intensity of changes under the influence of the COVID-19 pandemic.