Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Business and Policy Studies

Series Vol. 11 , 13 September 2023

Open Access | Article

How to Recover the Supply Chain under COVID-19 Period Through Recovery Its Resilience

Ziyi Gao * 1 , Xiaohe Bo 2 , Lingke Chang 3 , Yuxi Li 4
1 Hubei University of Technology
2 Beijing Huijia Private School
3 University of Minnesota
4 Jinan Foreign Language School International Center

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 11, 75-85
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ziyi Gao, Xiaohe Bo, Lingke Chang, Yuxi Li. How to Recover the Supply Chain under COVID-19 Period Through Recovery Its Resilience. AEMPS (2023) Vol. 11: 75-85. DOI: 10.54254/2754-1169/11/20230515.

Abstract

The paper describes how the COVID-19 pandemic led to a worldwide supply and demand crunch for medical supplies such as masks and Personal protective equipment (PPE), causing a break in the supply chain. The application of circular economy concepts to supply chains creates resilient supply chains by reducing dependence on external inputs and outputs to help business cope with unforeseen disasters. The resilient supply chain is enhanced by applying the "3R" principle of value recapture in the circular economy model, i.e. reduce, reuse and recycle, and also by drawing on economic models such as platform economy and sharing economy. The paper references are taken from academic databases such as Google Scholar, as well as online materials such as official websites and news websites, and publications such as Supply Chain Guide.

Keywords

COVID-19 pandemic, supply chain resilience, circular economy

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Business and Policy Studies
ISBN (Print)
978-1-915371-49-2
ISBN (Online)
978-1-915371-50-8
Published Date
13 September 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/11/20230515
Copyright
13 September 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated