THE MEDIUM AND LONG-TERM IMPACT OF COVID-19 ON GLOBAL SUPPLY CHAIN DESIGN

Abstract

One of the most immediate consequences of the global COVID-19 pandemic over two years has been and remains the impact on supply chains. As you know, crises almost always give impetus to create new great opportunities. Since the beginning of the pandemic, the problem of food shortages has become acute in the world, primarily because food supply chains have been interrupted across closed borders. Problems arose not only with consumers but also with producers who did not sell goods and did not receive the expected income. The turmoil in production and supply chains required ingenuity and resilience from managers. The world market began to create conditions for the redistribution of cash flows and spheres of influence. Because it was necessary to ensure the proper functioning of global supply chains to support economic activity. This has led to very rapid changes in the way suppliers are managed, combined with the reorientation of existing management tools and methods. The instability of the pandemic period has identified vulnerabilities in the global supply chain and identified the most vulnerable industries in the world. The global economic crisis caused by the coronavirus has affected four main pillars of food security: availability, affordability, usability and stability. This article describes the main trends over the past two years in the formation and modernization of global supply chains on the example of various industries.