Disruptions in the Modern Economy and their Consequences on the Functioning of Supply Chains

Abstract:

Background: Globalization has significantly integrated supply chains, allowing companies to produce and distribute goods on a global scale. However, disruptions such as pandemics, geopolitical conflicts, or natural disasters can severely disrupt these chains, causing delays and shortages. As a result, these disruptions can lead to destabilization of economies, price increases, and disruptions in the availability of key products worldwide. Therefore, identifying the dimensions of supply chain transformation in times of disruption is seen as an important economic challenge due to the growing threats to the economic security of countries and, in particular, their logistics sectors. The objective of the article is to identify the main disruptions that destabilize global supply chains and supply chains in Ukraine. The objective of the paper is also to investigate the nature of disruptions and to structure them. The chosen disruptions are the spread of the COVID-2019 pandemic, the RF war in Ukraine, the anticipation of a global food crisis, and inflationary expectations.