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Shifting Market Power: The Role of Supply Chain Disruptions in Redefining Global Trade Dynamics

Year: 2024

Type: article

Abstract: Global supply chains have recently faced intense disruptions, especially due to COVID-19, exposing vulnerabilities across industries. This study explores how large-scale shocks such as pandemics, geopolitical conflicts, and environmental crises are transforming global market power and trade patterns. Analyzing sectors like technology, automotive, and pharmaceuticals, the research highlights how developed economies, traditionally dominant, are increasingly dependent on emerging markets, which are gaining influence. Factors like digital innovation, rising logistics costs, and trade restrictions further drive these shifts. The findings underscore the need for resilience, localization, and adaptive strategies, offering guidance for policymakers and industry leaders to strengthen trade stability.

Source: Social Lens

DOI: 10.69971/sl.1.1.2024.8

Authors: Tamim Forhad Shuvo, Md. Mohin Habib

Institutions: Independent University, Bangladesh, Shanto-Mariam University of Creative Technology

Language: English

Topic: Supply Chain Resilience and Risk Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4406882269

FWCI: 0.698

Cites: 31

Cited by: 2

Related to: 10