Supply Chain Disruptions and the Effects on the Global Economy

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The research aims to define the key problems that appear during the supply process and how they affect the economic situation in many countries worldwide. The study will also show the recovery process and possible solutions to the existing issues in the sphere like planning and risk prediction based on the SMART criteria (Ivanov et al., 2017). Specific research objectives are to define the concept of the supply chain and to understand the problems of this process proved by the findings in different countries provided by Sawik (2020). By measuring the change in the global supply during COVID-19 in percentage, it will become possible to predict the further development of problems in this area in a one-year period. With the use of relevant resources with statistics from academic internet databases, the research can become more efficient. The exploratory question type can help to build the appropriate research question (Thompson et al., 2017). Consequently, the final question of the study is, In what ways supply chain disruptions influence the development of the global economy and why is it important to control this sphere?.

Reference List

Ivanov, D., Dolgui, A. and Sokolov, B. (2017) Literature review on disruption recovery in the supply chain, International Journal of Production Research, 55(20), pp. 6158-6174. Web.

Sawik, T. (2020) A fair decision-making under disruption risks, International Series in Operations Research & Management Science, 291, pp. 193-214. Web.

Thompson, K. D., Martinez, M. I. and Clinton, C. (2017) Considering interest and action: Analyzing types of questions explored by researcher-practitioner partnership, Educational Research, 46(8), pp. 464-473. Web.

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