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Coronavirus (COVID-19/SARS-CoV-2) and supply chain resilience: a research note
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2020
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Sc DisruptionSupply Chain RiskRipple EffectEmerging RiskSupply Chain ResilienceCovid-19Supply Chain DisruptionRisk ManagementManagementSupply ChainSupply Chain ViabilityGlobal Health CrisisCovid-19 PandemicSupply Chain DesignSupply Chain ManagementGlobal Supply ChainsGlobal HealthBusinessInternational RiskCrisis ManagementDisaster Risk ReductionSupply Chain Analysis
Firms have learned to strengthen global supply chain resilience against severe disasters, but the COVID‑19/SARS‑CoV‑2 virus presents an unprecedented disruption. The study aims to model the ripple effect of an epidemic outbreak on global supply chains, accounting for pandemic propagation speed, disruption duration, and demand decline. The authors analyze pandemic supply‑risk mitigation measures and potential recovery paths. The paper discusses implications for future research and the redesign of global supply chains.
Firms have learned how to strengthen the resilience of their global supply chains (SC) to confront disruptions triggered by severe disasters. However, a new instigator of SC disruption, quite unlike any seen in recent times, has now emerged – the COVID-19/SARS-CoV-2 virus. We model the ripple effect of an epidemic outbreak in global SCs considering the velocity of pandemic propagation, the duration of production, distribution and market disruption, and a demand decline. We analyse pandemic supply risk mitigation measures and potential recovery paths. Implications for future research and global SC (re)-designs are also discussed.