Natural Disasters and Fragile Supply Chains: The Great East Japan Earthquake and the Thai Floods in 2011

Abe, Shigeyuki; Hoontrakul, Pongsak

doi:10.1057/9781137412362_9

Cited by 4 publications

(5 citation statements)

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“…Although food stockpile behavior at times of emergency have been investigated in many literature (e.g. Hori and Iwamoto, 2014; Abe et al , 2014), there are no empirical studies on the impact of online channels on hoarding behaviors. Disasters such as earthquake, Hurricane and tsunami would immediately impact every entity in supply chains covering producers, vendors, distribution centers and retailers.…”

Section: Introductionmentioning

confidence: 99%

The impact of online grocery shopping on stockpile behavior in Covid-19

Hao

Wang

Zhou

2020

CAER

112

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PurposeThis research is to examine the impact of online channels on food stockpile behavior.Design/methodology/approachIn this study, we use bivariate probit models to empirically investigate the impact of online purchasing channels on Chinese urban consumer food hoarding behaviors with random survey samples.FindingsResults show that fresh food e-commerce channels are more likely to be associated with panic stockpile behaviors due to higher likelihood of supply shortages than offline channels with government assistance in logistic management. In contrast, community group buy, another format of e-commerce, appears superior in satisfying the consumer needs and easing the panic buying perception.Practical implicationsIt suggests that online channels may have diverse impacts on consumers' panic stockpiling behaviors during the extreme situations. Online channels need to develop efficient supply chains to be more resilient to extreme situations and the government shall recognize the increasing share of the online channels together with traditional offline channels when implementing supporting policies.Social implicationsWith ever increasing share of online channels, it is imperative in terms of policy implications to understand how would online channels affect hoarding behavior.Originality/valueWe are the first study in online shopping's impact on food stockpile during pandemics using a random sample. Although food stockpile behavior at times of emergency have been investigated in many literature, there are no empirical studies on the impact of online channels on stockpile behaviors under extreme situations. Unlike disasters that immediately impact every entity in supply chains covering producers, vendors, distribution centers and retailers, pandemics did not render supply chains affected immediately, but rather increase consumers' willingness to shop online to avoid virus. Thus, Covid-19 provides a natural experiment to investigate the online channels' impact on stockpile behavior.

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Section: Introductionmentioning

confidence: 99%

The impact of online grocery shopping on stockpile behavior in Covid-19

Hao

Wang

Zhou

2020

CAER

112

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“…The key question is whether the Monetary Authority has the ability to manage interest rates, inflation, and currency exchange rates. According to other researchers [24][25][26]36], implementing climate monetary policy may cause increases in the prices of goods and services, prompting the Central Bank to raise interest rates in order to force down inflation, which will eventually harm general economic productivity. As a result, adjusting monetary policy to avert climate catastrophes would need pilot testing of all feasible financial options, despite the fact that it has become extremely urgent.…”

Section: Methodsmentioning

confidence: 99%

“…The study of Parker [24], on the other hand, demonstrates that the influence of catastrophic events on rising prices varied according to the kind of catastrophe and the content of the inflationary metric. Two case analyses by Abe et al [25,26] also addressed the problem of natural catastrophes and pricing. In line with the study of Laframboise and Loko [26] in a case analysis of seven countries, mishaps tend to be connected with a rise in inflation in some nations.…”

Section: Climate Change Monetary Policy Inflation and Interest Ratesmentioning

confidence: 99%

Climate Monetary Policy Design and Modelling

Omodero¹,

Alege²

2023

IJDNE

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The significance of green monetary policy design in the face of current climatic issues has been investigated. The study considers the perspectives of other researchers in previous studies while focusing on the Nigeria situation and monetary climate policies in the country. The study's goal is to put current monetary policy instruments to the test and check their alignment with climate fluctuations and policies. The analysis spans the years 1990 to 2020, utilizing data from the World Development Indicators and the Central Bank of Nigeria's statistics archives. Various analytical studies are performed, and the monetary policy tools used are individually assessed to validate their efficiency in reducing climate change. The study applies ordinary least squares methodologies, indicating that the Central Bank's money supply and monetary policy rate processes match with climate change monetary policy adaptation. As a result, the country's money supply and interest rate are environmentally beneficial. Nonetheless, the analysis concludes that inflation and exchange rates are unimportant throughout the time period under consideration. As a response, the research recommends that the government, through its financial institutions, completely implement monetary policy changes in favor of climate change in the country. The research also proposes that the authorities aggressively seek green financing of ecofriendly technology using green bonds, which are currently on the market. The budgeting system is critical for monitoring the green fund's administration and effective application to green initiatives.

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“…For example, Cavallo et al [34] show that this relationship is insignificant in Chile in 2010. Abe [35] observed that Japan experienced a minimal increase in inflation following the disaster.…”

Section: Effects Of Climate Change On Inflationmentioning

confidence: 99%

Impact of Climate Change on Inflation in 26 Selected Countries

Li¹,

Zhang²,

He³

2023

Preprint

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In the era of persistent globalization, climate governance has emerged as a prominent concern within both the theoretical community and government departments of diverse nations. Of particular interest in academic research is the adverse effect of climate shocks on the global economy. This paper employs average temperature as a surrogate indicator for climate shocks and examines the influence of temperature fluctuations on inflation levels using a balanced panel dataset from 1995 to 2021. The findings indicate a positive association between temperature change and inflation within the country, which remains consistent even after subjecting the analysis to multiple robustness tests. Furthermore, accounting for heterogeneity reveals variations in the magnitude of response of inflation levels to temperature fluctuations. Regarding the analysis of underlying mechanisms, the study underscores the significance of energy demand as a pivotal pathway influencing inflationary pressures at the national level. Lastly, by incorporating GDP per capita as a threshold, the research reveals a nonlinear relationship between temperature change and inflation levels.

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Natural Disasters and Fragile Supply Chains: The Great East Japan Earthquake and the Thai Floods in 2011

Cited by 4 publications

References 1 publication

The impact of online grocery shopping on stockpile behavior in Covid-19

The impact of online grocery shopping on stockpile behavior in Covid-19

Climate Monetary Policy Design and Modelling

Impact of Climate Change on Inflation in 26 Selected Countries

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