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Analysis of the Impact of the COVID-19 Pandemic on Key Supply Chain Processes Through System Dynamics.
- Source :
- IEOM European Conference Proceedings; 2022, p699-712, 14p
- Publication Year :
- 2022
-
Abstract
- The pandemic caused by the COVID-19 virus has had negative effects on different industrial sectors, the world economy and especially on Supply Chains. The pandemic revealed the vulnerability of key logistics processes of companies and their Supply Chains as operational risks increased, causing breaks in inventories, production lines and the distribution process caused by increased customer demand. However, this pandemic makes it necessary to reevaluate the models and strategies that companies had established as the standard, and more was needed to face the shortage of components, raw materials and inputs needed to keep the production processes active. Therefore, this article proposes developing a conceptual model under the System Dynamics methodology, which allows identifying the main impacts that the COVID-19 pandemic had on the performance of the Supply Chain through the design of Causal Loop Diagrams. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- IEOM European Conference Proceedings
- Publication Type :
- Conference
- Accession number :
- 171335499