The impact of coronavirus on global supply chains

Authors

  • Evgenij Andreevich Litvinov Russian Foreign Trade Academy
  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Eugenia Vadimovna Taranovskaya Russian Foreign Trade Academy
  • Natalya Yurievna Bulyigina Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2020-00063

Keywords:

coronavirus pandemic, foreign trade relations, global supply chains, production, foreign trade, economic risk

Abstract

Currently, the coronavirus epidemic has adversely affected various economic sectors and spheres. This is a definite challenge both for the economies of individual countries and for international trade relations as a whole. This article deals with global supply chains disruption due to the coronavirus pandemic, assesses the impact and problems associated with the failure of production and trade processes and defines the associated economic risks. Besides, the consequences of disrupted global supply chains and measures that should be taken to minimize and mitigate them, and what companies need to do to catch up on production, are considered. The role of the government under the crisis is examined.

Author Biographies

Evgenij Andreevich Litvinov, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob`evskoe shosse, 6A) – International Economists faculty, 2nd year student,

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob`evskoe shosse, 6A), Department of foreign trade and international transactions – Professor

Eugenia Vadimovna Taranovskaya, Russian Foreign Trade Academy

Candidate of Technical Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy, Department of fi nance and monetary relations - Professor

Natalya Yurievna Bulyigina, Russian Foreign Trade Academy

Candidate of Economic Sciences
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of world and national economy - Professor

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Published

2024-02-07

How to Cite

Litvinov, E. A., Savinov, Y. A., Taranovskaya, E. V., & Bulyigina, N. Y. (2024). The impact of coronavirus on global supply chains. Russian Foreign Economic Journal, (6), 89–104. https://doi.org/10.24412.2072-8042-2020-00063

Issue

No. 6 (2020)

Section

World economy