TITLE:
Influence of COVID-19 Epidemic on China and Global Supply Chain and Policy Suggestions
AUTHORS:
Jun Zhan, Siyu Lu
KEYWORDS:
Global Supply Chain, COVID-19 Epidemic, Supply Chain Flexibility, Industrial Transfer
JOURNAL NAME:
Open Journal of Business and Management,
Vol.9 No.5,
September
24,
2021
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.