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Inflation and COVID-19 Supply Chain Disruption

Inflation and COVID-19 Supply Chain Disruption
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Author(s): Oindrila Chakraborty (J. D. Birla Institute, India)
Copyright: 2023
Pages: 14
Source title: Managing Inflation and Supply Chain Disruptions in the Global Economy
Source Author(s)/Editor(s): Ulas Akkucuk (Uşak University, Turkey)
DOI: 10.4018/978-1-6684-5876-1.ch002

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Abstract

The distressful situation in the global economy is caused by the unforeseen peril introduced by the COVID-29 pandemic, including the rising inflation and its trajectory over the interruption of supply chain management and therefore encouraging all sorts of novel disruptions to maintain market equilibrium. The disruptive innovation in the supply chain management was inflicted due to the disparity of demand and supply in a few industries as a result if intermittent production and consumption and created a temporary bottleneck in the otherwise seamless supply chain management. Pandemic-driven containment forced people to accumulate savings and invest in alternative sources of incomes. This chapter explores the pandemic-caused economic bottlenecks.

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