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IMPACT OF THE COVID-19 PANDEMIC ON THE US SUPPLY CHAIN AND THE ROLE OF THE UKRAINE-RUSSIAN WAR.
ABSTRACT
The COVID-19 epidemic has had an unprecedented pace and manner of effect on global supply chains. This study examines the supply chain issues that firms have encountered as a result of the COVID-19 outbreak and the Russia-Ukraine war as affected by the US. To analyze issues and the appropriate mitigation solutions, the study provides a conceptual framework based on the dynamic capability theory. A literature review, an analysis of many news stories, and interviews with specialists led to the identification of key issues. To further examine the connections between various supply chain difficulties, the COVID-19 outbreak, and the Russia-Ukraine war, the study has adopted the use of descriptive statistics with graphical illustrations. Scarcity of material (SSM). Inconsistency of Supply (PIS), etc., have been established as some of the ways the supply chain is being affected by the COVID-19 outbreak and the Russia-Ukraine war. The study offers recommendations that countries and firms should prepare well for the possibility of a future pandemic in order to minimize the impacts of the pandemic. It was also recommended by the study that economies should begin to rely less in terms of international trading on countries that are highly prone to war. The proliferation of AI should also be embraced in logistics businesses.
KEYWORDS: COVID-19/SARS-CoV-2 pandemic, Ukraine-Russian war, Supply Chin and United States
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