COVID-19 Supply Chain Disruptions and Financial Crisis
COVID-19 Supply Chain Disruptions and Financial Crisis

Author(s): lorena Petrova
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management, Financial Markets, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: supply chain disruptions; financial crisis; COVID-19 pandemic; global trade; resilience strategies
Summary/Abstract: The COVID-19 pandemic created significant challenges for global supply chains and financial systems, exposing vulnerabilities that had previously gone unnoticed. Lockdowns, factory closures, and logistical disruptions caused delays in the production and delivery of goods, while financial systems struggled with liquidity shortages, rising inflation, and market instability. Industries like healthcare, technology, and retail faced unique challenges, particularly due to their reliance on just-in-time models and single-source suppliers. In this paper, I explore the impact of these disruptions, focusing on the interconnectedness of supply chain operations and financial stability. I also examine strategies that were implemented to mitigate these challenges, such as diversifying suppliers, adopting digital tools, and increasing localized production. Finally, I highlight the lessons learned during this period, emphasizing the need for resilience, risk management, and collaboration to prepare for future crises. This analysis aims to provide a deeper understanding of the steps businesses and governments can take to build more robust systems and ensure long-term economic stability.

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