Impact of the Covid-19 on global supply chain – some sectoral policy and economic responses and business intervention / Ahmad Naqiyuddin Bakar ... [et al.]

Bakar, Ahmad Naqiyuddin and Abdul Kadir, Juliana Mohamed and Miskam, Zamri and Zainon, Saunah and Samsudin, Syamsyul (2021) Impact of the Covid-19 on global supply chain – some sectoral policy and economic responses and business intervention / Ahmad Naqiyuddin Bakar ... [et al.]. In: E-Proceeding 8th International Conference on Public Policy and Social Science (ICoPS) 2021, 27 Oktober 2021.

Abstract

The new coronavirus 2019 (COVID-19) has infected millions of people worldwide since its first occurrence in December 2019, in Wuhan, China (Torales et al., 2020). More than onethird of the world population had been under some type of restriction. A total of 48 countries implemented partial or full lockdown and among these countries, Brazil, France, Italy, New Zealand, Poland, and the UK have implemented the world's longest and most restrictive lockdown (Langton, 2020). Despite widespread concern and action, the continuous rate of infection and death because of the COVID-19 pandemic has caused a severe economic downturn around the world (Kells, 2020). Under rapid globalization, firms face increasing levels of uncertainty and, thus, a greater risk of supply chain disruption. A further problem is that supply networks now span multiple geographic regions, exposing managers to greater environmental and operational risks (Sato et al., 2020). This has led to social distancing, lockdown of towns and cities to prevent transmission of the virus, and the need for anyone involved in the frontline to wear personal protective equipment. However, the need for lockdown and social distancing meant that all elements of the supply chain in many economic sectors were interrupted, including manufacturing, procurement, distribution, and supplies. These significant restrictions on transportation and movement have led to significant socioeconomic effects on people's livelihoods, even leading to an economic recession. The remainder of this article is organized as follows. Following this section, we report the data source and the design of this study. Next, in the discussion section, we summarise the policy, economic, and business responses to address the challenges followed by some reflections on them. Last not but not least, some conclusions and a direction for future study are offered.

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Item Type: Conference or Workshop Item (Paper)
Creators:
Creators
Email / ID Num.
Bakar, Ahmad Naqiyuddin
UNSPECIFIED
Abdul Kadir, Juliana Mohamed
UNSPECIFIED
Miskam, Zamri
UNSPECIFIED
Zainon, Saunah
UNSPECIFIED
Samsudin, Syamsyul
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Business cycles. Economic fluctuations. Economic indicators
H Social Sciences > HB Economic Theory. Demography > Consumption. Demand (Economic theory)
H Social Sciences > HC Economic History and Conditions > Environmental policy and economic development. Sustainable development. Environmental management
H Social Sciences > HC Economic History and Conditions > Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Divisions: Universiti Teknologi MARA, Negeri Sembilan > Seremban Campus
Event Title: E-Proceeding 8th International Conference on Public Policy and Social Science (ICoPS) 2021
Event Dates: 27 Oktober 2021
Page Range: pp. 431-436
Keywords: Covid-19, global supply chain, sectoral policy, economic responses, business intervention
Date: 2021
URI: https://ir.uitm.edu.my/id/eprint/54477
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