Sustaining Trade during COVID-19 Pandemic: Establishing a Conceptual Model Including COVID-19 Impact

Saif, Nashwan M. A.; Ruan, Jianping; Obrenovic, Bojan

doi:10.3390/su13105418

Cited by 28 publications

(22 citation statements)

References 115 publications

(109 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The study uncovered that COVID-19 led to underutilization of capital, a decline in manufacturing output, a rise in production costs, and inflation in export-import trade costs. 9 During the pandemic, there has been enormous loss of human life, which has impacted social, economic, and political disruptions. The COVID-19 pandemic has severely impacted economies, and the study revealed that there is a negative association between the COVID-19 pandemic and trade.…”

Section: Trade Costmentioning

confidence: 99%

Enhancing Pharmaceutical Supply Chain Resilience: A Study of Pharmaceutical Companies in Multiple Geographies

Gupta¹,

Kayande²

2023

Ind. J. Pharm. Edu. Res.

View full text Add to dashboard Cite

Background: Pharmaceutical businesses had enormous difficulties in product distribution during COVID-19, and the solution to this perpetual issue is a resilient supply chain. Aim: The study aims to understand the vulnerabilities to which it subjected the pharmaceutical product distribution supply chains during the COVID-19 pandemic and further develop an adaptive model through which the pharmaceutical product supply chain can enhance its resilience capabilities. Materials and Methods: The conceptual model is developed for the supply chain of pharmaceutical companies based on the literature survey, and then the conceptual model is explored through factor analysis. Researchers have developed a validated model after a statistical analysis using Cronbach's alpha. Subjective analysis has concluded that the pharmaceutical supply chain's resilience is driven by factors such as "trade cost," which comprises transport cost, business practices, and raw material sourcing cost; "shock propagation," which comprises country-specific shocks, production shocks, and policy changes; and "technological infrastructure bottleneck," which relates to the availability of cold chain storage warehouses and refrigerated transport vehicle facilities. Results: An empirical model pertaining to supply chain resilience may be further studied with different geographies, like Pune, Hyderabad, and Delhi NCR, for the purpose of generalizing the study. Conclusion: The identified major factors were trade cost, shock propagation, and technological infrastructure bottlenecks. The sensitivity of the issue under investigation required a personal touch to the survey, as the COVID-19 pandemic had left these respondents emotionally vulnerable. As COVID-19 is the recent catastrophe that has hit humanity, it has made the pharmaceutical product distribution channel vulnerable during the pandemic. This difficult time of pandemic has really tested the pharmaceutical products' supply chain capabilities as well.

show abstract

Section: Trade Costmentioning

confidence: 99%

Enhancing Pharmaceutical Supply Chain Resilience: A Study of Pharmaceutical Companies in Multiple Geographies

Gupta¹,

Kayande²

2023

Ind. J. Pharm. Edu. Res.

View full text Add to dashboard Cite

show abstract

“…gained by questionnaire surveys and interviews (Shakil and Munim, 2020;Saif and Ruan, 2021). Other studies have also quantitatively identified the key factors affecting the survival of small business after the first wave of COVID-19 (Katare and Marshall, 2021).…”

Section: Open Access Edited Bymentioning

confidence: 99%

Statistical analysis of small business survival under the shock of multiple COVID-19 waves: A case study from Wuhan, China

Rubinato

Zhou

et al. 2023

Front. Environ. Sci.

View full text Add to dashboard Cite

The long-term viability of small businesses in the aftermath of multiple pandemics and consequent lockdowns has a crucial impact on the sustainable economic and social development of any region across the world. Thus, in order to investigate what has been the major impact of COVID-19 pandemic within local small businesses and to identify which main factors helped small businesses to survive none as well as multiple lockdowns, data were obtained from 382 small businesses in the main urban area of Wuhan, China, via two rounds of field investigations and surveys in July 2020 and July 2022. This paper presents the results of the field investigations and the surveys completed and describes the Bayesian methods applied to quantitatively explore the impact of different variables on the probability of each business to remain active and open even after experiencing none or multiple lockdowns. Results obtained show that the difference between survival rates associated with businesses hit by no pandemic outbreak with those hit by one or several waves is negligible. Furthermore, owners who had higher confidence in their abilities since the beginning or they implemented an accurate evaluation of their strategies to run their businesses since the start of the pandemic, demonstrated to have a higher probability to keep their business alive with none as well as additional waves of the pandemic. Reduction of employees, transition of operations and promotion activities online as well as rent subsidies and tax reduction were identified as crucial actions that enhanced the probability to maintain alive businesses that experienced at least one lockdown. Globally, there was no clear policy approach at the start of the pandemic, however this study clearly determines that in future governments should provide timely support to small businesses in regions experiencing more severe impacts of the pandemic, and this should consist of a mix of grants, loans, and temporary tax cuts since initial stages.

show abstract

“…Hence, this study largely concentrated on literature published recently on the impact of Covid-19 on international trade. Saif et al (2021) introduced a conceptual model in capturing the impact of Covid-19, arguing that the existing theoretical models in the field of international trade lacked capacities to capture the effect arising from a global-level pandemic such as Covid-19. The authors emphasised three main channels through which Covid-19 affects the international trade flows in the short to medium run; namely financial, technological, and policy shocks.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Covid– 19 Pandemic on Apparel Exports: Evidence From Sri Lanka

ADIKARI¹,

DUNUSINGHE²

2022

IJAEB

View full text Add to dashboard Cite

The apparel sector plays a vital role in the Sri Lankan economy as the largest net foreign exchange earner, and employment generator. During the COVID-19 pandemic, the industry’s production and exporting activities came under severe stress due to supply and demand shocks. This research aims at assessing the impact of COVID-19 on apparel exports by employing a standard Gravity equation framework on data related to 20 major destinations of Sri Lanka’s apparel exports. Data was extracted from a number of national and international data sources such as the Department of Census and Statistics of Sri Lanka and World Integrated Trade Solution. The findings indicated the triple effects of COVID-19 pandemic on apparel exports. First, the overall impact of the pandemic on the apparel industry was substantial. Second, the severity of the pandemic in the destination country had a significantly negative impact on apparel exports. However, the severity of the pandemic in Sri Lanka had no impact indicating the industry was resilient to the pandemic. In other words, the demand-side impact was greater than the supply side impact. Finally, in terms of apparel product categories women apparel exports declined drastically compared to other apparel and textile exports. With respect to other standard variables in the gravity model, partner country market size and level of development, movement in real exchange rate, economic performance of the exporting country and trade openness influence significant to apparel exports in Sri Lanka, was taken into account.

show abstract

Sustaining Trade during COVID-19 Pandemic: Establishing a Conceptual Model Including COVID-19 Impact

Cited by 28 publications

References 115 publications

Enhancing Pharmaceutical Supply Chain Resilience: A Study of Pharmaceutical Companies in Multiple Geographies

Enhancing Pharmaceutical Supply Chain Resilience: A Study of Pharmaceutical Companies in Multiple Geographies

Statistical analysis of small business survival under the shock of multiple COVID-19 waves: A case study from Wuhan, China

The Impact of Covid– 19 Pandemic on Apparel Exports: Evidence From Sri Lanka

Contact Info

Product

Resources

About