Abstract
The global COVID-19 outbreak at the beginning of 2020 has had a great impact on many global industrial chains, and triggered a systematic risk of chain breakage. By studying the actual supply chain strategy and the change trend of supply chain strategy in representative countries and enterprises, this research predicts the short-term, medium-term and long-term impact of COVID-19 epidemic on global supply chain. Among them, the short-term and medium-term impacts include encouraging enterprises to improve the flexibility of supply chain by constructing supply chain digital platform, supply chain diversification system and supply chain early warning system; in the medium and long term, the global supply chain layout will change from globalization to regionalization, and some high-end manufacturing industries will have a backflow trend. Our government needs to establish an early warning system of industrial supply chain security as soon as possible in the short term, promote the industrial Internet platform in the short and medium term, continuously support the healthy and efficient development of the supply chain, and adjust the industrial layout in the medium and long term to cope with the global supply chain adjustment.
Highlights
The short-term and medium-term impacts include encouraging enterprises to improve the flexibility of supply chain by constructing supply chain digital platform, supply chain diversification system and supply chain early warning system; in the medium and long term, the global supply chain layout will change from globalization to regionalization, and some high-end manufacturing industries will have a backflow trend
Since December 2019, a number of pneumonia cases of unknown cause with a history of exposure to seafood markets in South China have been detected in some hospitals in Wuhan, Hubei Province, which have been confirmed as acute respiratory infections caused by Novel Coronavirus infection
This paper divides the impact of COVID-19 on the supply chain into short-term, medium-term and long-term, and provides corresponding suggestions to reduce the impact of COVID-19 on the supply chain in these three terms
Summary
Since December 2019, a number of pneumonia cases of unknown cause with a history of exposure to seafood markets in South China have been detected in some hospitals in Wuhan, Hubei Province, which have been confirmed as acute respiratory infections caused by Novel Coronavirus infection. The COVID-19 outbreak, a major public health emergency, will have a significant impact on the production and operation activities of the supply chain. In the face of the current COVID-19 outbreak, the level of supply chain management is put forward higher requirements, forcing relevant enterprises to improve their own management level to deal with major emergencies. China is a major manufacturer, consumer, logistics and hub of the global supply chain. The continuous outbreak of COVID-19 at home and abroad has a great impact on China’s supply chain, especially on the resumption of production, logistics and markets at all levels of the supply chain. This paper divides the impact of COVID-19 on the supply chain into short-term, medium-term and long-term, and provides corresponding suggestions to reduce the impact of COVID-19 on the supply chain in these three terms
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