In Search of a Remedy for Disruptions: Assessing the Effects of Inflationary Pressures on Supply Chains During the COVID-19 Era

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Author(s): Elad Harison (Shenkar College of Engineering and Design, Israel)
Copyright: 2023
Pages: 9
Source title: Managing Inflation and Supply Chain Disruptions in the Global Economy
Source Author(s)/Editor(s): Ulas Akkucuk (Bogazici University, Turkey)
DOI: 10.4018/978-1-6684-5876-1.ch001

Keywords: Business & Management / Business Science Reference / Economics and Economic Theory / Supply Chain Management

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Abstract

This chapter assesses the effects of worldwide supply chain disruptions, focusing on the role of the U.S. monetary policy as a catalyst that contributed to the shift of consumer demand from its pre-COVID-19 equilibrium. It analyses how stimulus payments and quantitative easing facilitated labour shortages in supply chain operations and how the growing demand increased the magnitude of shortages, followed by a bullwhip effect in orders from retailers. The study argues that the economic equilibrium between supply and demand for goods that has been greatly affected by the outbreak of COVID-19 has also been affected by substantial monetary changes that have further increased the scope of supply chain disruptions due to their inflationary effects.

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In Search of a Remedy for Disruptions: Assessing the Effects of Inflationary Pressures on Supply Chains During the COVID-19 Era

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