The Effects of the Coronavirus Disease (COVID-19) Pandemic on International Trade and Logistics

The Effects of the Coronavirus Disease (COVID-19) Pandemic on International Trade and Logistics
Author: NU. CEPAL.
Publisher:
Total Pages:
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A. Global trade has collapsed .-- B. The region's trade in goods plummeted 17% between January and May 2020 .-- C. The collapse in tourism is dragging down services exports .-- D. International transport problems hamper regional trade .-- E. Exports and imports of goods set to decline by a quarter in 2020 .-- F. A more uncertain and regionalized world economy makes further regional integration imperative.

The Effects of Covid-19 on International Trade

The Effects of Covid-19 on International Trade
Author: Tardzenyuy Achileus
Publisher: Independently Published
Total Pages: 0
Release: 2023-03-04
Genre:
ISBN:

This book aims to provide early evidence for the effects of the coronavirus pandemic on international trade. This coronavirus causes coronavirus disease 2019 (COVID-19). The World Health Organization (WHO) recognized the pandemic on 11 March 2020. According to the WHO website, as of 16 May 2020, more than 300,000 deaths from COVID-19 have been reported worldwide. To slow the spread of the coronavirus, many countries have imposed some form of restriction on people and businesses. Several countries have declared citywide or nationwide lockdowns. Also, many countries have imposed an entry ban on foreigners. Such restrictions have seriously harmed the world economy. For example, China's economy shrank by 6.8% in the first quarter of 2020. This decrease is the first contraction since 1992 when China began releasing its GDP data. According to the World Economic Outlook, April 2020 by the International Monetary Fund (IMF), the global economy is projected to sharply contract by -3% in 2020.

Industry 4.0 and Global Businesses

Industry 4.0 and Global Businesses
Author: Enis Yakut
Publisher: Emerald Group Publishing
Total Pages: 175
Release: 2022-01-21
Genre: Business & Economics
ISBN: 1801173281

Industry 4.0 and Global Businesses: A Multidisciplinary Investigation provides a multidisciplinary perspective on the transformative effects of Industry 4.0 by aggregating original theoretical, conceptual, and empirical research.

Business Impacts of COVID-19

Business Impacts of COVID-19
Author: Tomasz Bernat
Publisher: Taylor & Francis
Total Pages: 273
Release: 2023-07-21
Genre: Business & Economics
ISBN: 1000915646

The coronavirus disease (COVID-19) pandemic has caused serious disruptions to the economy and business activities. The COVID-19 crisis has also exposed important weaknesses in business and supply chains. It pointed to specific sectors of the economy, primarily related to services, that suffered the most. On the other hand, it has highlighted the great flexibility of the activities of entrepreneurs in their attempts to fight the crisis. The role of government has also been important in tackling this pandemic crisis to contain the epidemic and adopt activities to help entrepreneurs who were most affected by the crisis. Numerous national aid and recovery packages have been announced to support businesses and workers. At the same time, financial decisions were made at the international level, resulting in the mobilization of huge funds that were intended to support the functioning of enterprises. This book shares observations and conclusions from contemporary research and analyses, as well as from personal experiences in creating and implementing anti-crisis solutions in economies and enterprises caused by the COVID-19 pandemic on the economy and its entities. It will be of interest to researchers, academics, policymakers, and students in the fields of international business, economics, crisis management, and entrepreneurship.

Asia-Pacific Trade Facilitation Report 2021

Asia-Pacific Trade Facilitation Report 2021
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 156
Release: 2021-10-01
Genre: Business & Economics
ISBN: 9292690639

Supply chain disruptions caused by the coronavirus disease (COVID-19) pandemic have underscored the need for digital and paperless trade procedures to facilitate trade. This report reviews the impact of trade facilitation initiatives on trade costs in Asia and the Pacific since the pandemic began. A special chapter examines the pandemic’s impact on the supply chains of critical goods such as vaccines, personal protective equipment, and food, and provides policy suggestions toward enhancing supply chain resilience along with trade facilitation. This is the third biennial progress report on trade facilitation implementation in Asia and the Pacific jointly prepared by the Asian Development Bank and the United Nations Economic and Social Commission for Asia and the Pacific.

The Impact of the Covid-19 Pandemic on Global Supply Chains

The Impact of the Covid-19 Pandemic on Global Supply Chains
Author: Chris Andersen
Publisher: GRIN Verlag
Total Pages: 20
Release: 2024-01-17
Genre: Business & Economics
ISBN: 3346996379

Seminar paper from the year 2023 in the subject Business economics - Supply, Production, Logistics, grade: 5.0, Addis Ababa University, course: Master of Business Management, language: English, abstract: The COVID-19 pandemic profoundly disrupted global supply chains, leading to unprecedented economic challenges and logistical complexities. Originating in China in December 2019, the virus rapidly spread to over 210 countries, resulting in more than 100 million confirmed cases worldwide and over 2 million deaths. This global crisis triggered severe disruptions across various sectors, including high-tech industries, automotive manufacturing, pharmaceuticals, and food supply chains. Notably, companies like Apple, Samsung, and Tesla experienced production halts due to labor shortages and supply chain constraints. Additionally, the pharmaceutical industry grappled with increased demand for essential medical supplies, while the food sector faced labor shortages and transportation disruptions. The pandemic-induced shutdowns, travel restrictions, and stringent import/export controls severely hampered international logistics, further exacerbating supply chain vulnerabilities. Consequently, the crisis highlighted the intricate interdependencies within global supply chains and underscored the urgent need for resilience, sustainability, and strategic reevaluation to mitigate future disruptions effectively.

The Business of Pandemics

The Business of Pandemics
Author: Jay Liebowitz
Publisher: CRC Press
Total Pages: 222
Release: 2020-11-18
Genre: Business & Economics
ISBN: 1000203913

Nations and businesses across the globe have been working through the difficulties of dealing with the COVID-19 pandemic. Industry, academia, NGOs, and governments have been "feverishly" searching for ways to address this deadly virus, which may continue to spread for at least the next year and perhaps beyond (in terms of a resurgence and different strains). From a business standpoint, there have been dramatic effects on logistics and supply chains, economic downfalls, bailouts of major industries and small businesses, and far-reaching calamities from around the world. Even though the COVID-19 story is still in its making, this book focuses on the business of pandemics as applied to COVID-19. The book brings together a global panel of experts across industries and NGOs to help guide business executives and managers through the complex array of issues affecting business in the time of a pandemic. Offering solutions to the business of pandemics as applied to COVID-19, the book is written for organizational decision makers and leaders, as well as those involved in crisis management, public health, and related fields. Its chapters focus on key areas that relate to the business of pandemics, including Lessons learned to date Big data and simulation Logistics and supply-chain management challenges Conducting global business virtually Global economic impact Media and risk communication IT infrastructure and networking Social impact Online learning and educational innovations The new work-from-home environment Re-opening markets and businesses Crisis decision making using analytics and intuition With chapters authored by experts from leading organizations, including the World Health Organization, the RAND Corporation, and various universities throughout the world, The Business of Pandemics: The COVID-19 Story provides high-level guidance and insight for business leaders who must deal with the complexities and challenges presented by this unprecedented crisis.

Transportation Amid Pandemics

Transportation Amid Pandemics
Author: Junyi Zhang
Publisher: Elsevier
Total Pages: 492
Release: 2022-09-18
Genre: Transportation
ISBN: 0323997716

Transportation Amid Pandemics: Practices and Policies is the first reference on pandemics (especially COVID-19) in the context of transport, logistics, and supply chains. This book investigates the relationships between pandemics and transport and evaluates impacts of COVID-19 and effects of policy responses to address them. It explores how to recover from pandemics, reveals governance for immediate policy responses and future innovations, suggests strategies for post-pandemic sustainable and resilient development, shares lessons of COVID-19 policymaking across countries, and discusses how to transform transport systems for a better future. Transportation Amid Pandemics offers transport researchers and policymakers the scientific evidence they need to support their decisions and solutions against pandemics. "Curiosity and research brought me to discover an excellent handbook covering the relations between COVID 19 and the transport reality. It is called "Transportation amid Pandemics –Lessons Learned from COVID-19" and has been published this year. 2022 happens to be the year of the 50th anniversary of the first report to The Club of Rome "The Limits to Growth". The new book covers evidences from all over the world, and offers policy recommendations from a great variety of perspectives". Ernst Ulrich von Weizsaecker Represents the collective efforts of the World Conference on Transport Research Society (WCTRS) Uniquely deals with intertwined issues of pandemics and transport Investigates both successful and problematic policy measures Emphasizes bvidence-based policymaking from cross-sectoral and transdisciplinary perspectives Transfers lessons from the COVID-19 pandemic to future generations

The New (Ab)Normal

The New (Ab)Normal
Author: Yossi Sheffi
Publisher: MIT CTL Media
Total Pages: 271
Release: 2020-10-01
Genre: Business & Economics
ISBN: 1735766127

Much has been written about Covid-19 victims, how scientists raced to understand and treat the disease, and how governments did (or did not) protect their citizens. Less has been written about the pandemic’s impact on the global economy and how companies coped as the competitive environment was upended. In his new book, "The New (Ab)Normal", MIT Professor Yossi Sheffi maps how the Covid-19 pandemic impacted business, supply chains, and society. He exposes the critical role supply chains play in helping people, governments, and companies to manage the crisis. The book draws on executive interviews, pandemic media coverage, and historical analyses. Sheffi also builds on themes from his books "The Resilient Enterprise" (2005) and "The Power of Resilience" (2015) to enrich the narrative. The author paints a compelling picture of how the Covid-19 virus is changing many facets of human life and what our post-pandemic world might look like. This must-read book helps companies to redefine their business models and adjust to a fast-evolving economic landscape. The stage is set In Part 1 of the book, “What Happened,” the author looks at how companies fought to mend the global economic fabric even as the virus ripped more holes in it. Part 2, “Living with Uncertainty,” views the crisis through a supply chain risk management lens derived from Yossi Sheffi’s previous books. This perspective shows how companies create corporate immune systems to quickly recognize and manage large-scale disruptions. The ongoing pandemic is creating a new normal in life, work, and education—covered in Part 3, “Adjustment Required.” Consumer fears about the contagion as well as government mandates require businesses in industries such as retail, hospitality, entertainment, sports, and education to create “safe zones” for workers and customers. Many elements of the book – especially in Part 4, “Supply Chains for the Future” – show how the virus accelerated preexisting trends in technology adoption. China was the epicenter of the pandemic; it also was the first nation to be disrupted and recover. Part 5 of the book, “Of Politics and Pandemics,” explains why reports that companies are abandoning China in favor of other offshore manufacturing centers do not reflect reality. Fundamentally, The New (Ab)Normal is about businesses trying to create a better future in a time of extreme uncertainty – a point emphasized in Part 6, “The Next Opportunities.” The outlook is not necessarily gloomy. The advance of technology is accelerating, a trend that can level the playing field between small and large companies. Nimble small businesses are using a growing array of off-the-shelf cloud computing and mobile apps to deploy sophisticated technologies in their supply chains and customer interfaces. The New (Ab)Normal Another new normal is working from home. Remote working enables individuals to live anywhere and companies to recruit talent from anywhere. Education, especially higher education, faces a major disruption (and major opportunity) that is likely to shake the high-cost model of in-person education in favor of online or hybrid education. Regrettably, the book recognizes one trend accentuated by Covid-19--the growing inequality, and anticipates that the new normal will be more stratified.