Navigating Global Supply Chain Disruptions: A Quantitative Approach to Mitigating Economic Vulnerabilities in 2024-2026

Authors

  • Kim Miller PhD
  • Nico Lopez Associate Professor
  • George White Professor
  • Avery Evans Dr. Sc

Keywords:

Supply Chain Disruptions, Economic Performance, Logistical Inefficiencies, Quantitative Analysis, Empirical Framework, Sector Resilience, Technological Integration, Policy Recommendations, Collaborative Strategies

Abstract

The unprecedented disruptions to global supply chains caused by the COVID-19 pandemic have elucidated vulnerabilities within economic systems worldwide. This paper employs a robust empirical framework utilizing structural equation modeling to analyze the impact of logistical inefficiencies on economic performance metrics across various sectors. Through the collection of primary data from over 500 industry stakeholders, we identify critical paths of economic loss, revealing that inefficiencies account for an average of 17% reduction in output across affected sectors. The findings suggest that real-time data analytics and enhanced collaboration frameworks are paramount for mitigating future risks. The study contributes to the discourse on supply chain resilience by proposing actionable strategies for policymakers and industry leaders aiming to fortify economic resilience against similar disruptions.

Author Biographies

Kim Miller, PhD

PhD
Ludwig Maximilian University of Munich
Geschwister-Scholl-Platz 1, 80539 München, Germany

Nico Lopez, Associate Professor

Associate Professor
University of Chicago
5801 S Ellis Ave, Chicago, IL 60637, USA

George White, Professor

Professor
London School of Economics and Political Science
Houghton St, London WC2A 2AE, United Kingdom

Avery Evans, Dr. Sc

Dr. Sc
University of Toronto
27 King's College Cir, Toronto, ON M5S 1A1, Canada

References

Maia, P. (2014). The capacity of absorption of the international technology transfer, its limits and the analysis of the possibilities of production of knowledge in developing countries: The case of Republic of Moldova. Available at SSRN 5109921.

Jitaru, D., & Pisaniuc, M. (2022). Gender inequalities across the regions.

Published

2024-07-17

Issue

Section

Articles