DOI :10.26650/B/SS46.2020.006.04   IUP :10.26650/B/SS46.2020.006.04    Full Text (PDF)

An Assessment of the Impact of the Pandemic on Global Supply Chains And Its Potential Outcomes

Ferda Karagöz Özenç

This study evaluates the potential effects of the COVID-19 pandemic on the world economy from the aspects of global production and supply chains. The pandemic has accelerated geographical diffusion, which, in turn, led to supply and demand shocks, decreased the predictability of risk, and made supply chain disruptions inevitable. Besides, these disruptions spread not only to firms, which operate interdependently along a global supply chain, but also to their industrial linkages and countries, where the related industries are mostly located. This study considers a range of disruptions emerging from the processes of global supply chains, such as production, transportation, and customs clearance; presents varying extents of disruptions in terms of specific articulation types of firms, industries, and countries into global production; and discusses in how possible measures might change the functioning of supply chain to overcome these disruptions.



Istanbul University Press aims to contribute to the dissemination of ever growing scientific knowledge through publication of high quality scientific journals and books in accordance with the international publishing standards and ethics. Istanbul University Press follows an open access, non-commercial, scholarly publishing.