Work

The Impact and Recovery of Covid-19 on the Chinese Economy: A Supply Chain Perspective as an Example

Year: 2024

Type: article

Abstract: COVID-19 severely disrupted China's supply chain, impacting global industries and prompting businesses to diversify sourcing strategies. The paper examines COVID-19's impact on China's supply chain, focusing on immediate disruptions and long-term adaptations towards resilience, digitalization, diversification, and sustainability. The text outlines the impact of the pandemic on China's supply chains, highlighting immediate disruptions, medium-term adaptations, long-term transformations towards resilience and sustainability, and the accelerated digitalization in response to these challenges. The digitization of the supply chain has a profound impact on business operations and the entire industry by improving transparency, efficiency, and responsiveness, reducing costs, enhancing the resilience and flexibility of the supply chain, and promoting innovation. This also strengthens the advantages of China's supply chain. Supply chains are evolving through resilience, digital transformation, and sustainability in response to pandemic challenges. The pandemic exposed vulnerabilities in China's supply chain while showcasing its resilience and adaptability, solidifying its importance in global trade.

Source: Transactions on Economics Business and Management Research

DOI: 10.62051/54j0z186

Author: Guanxu Chen

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, Responsible consumption and production

Open Access status: diamond

OpenAlex ID: W4410241984

FWCI:

Cites: 10

Cited by:

Related to: 10