Disruptions and Risk Management in Supply Chains Before and During the COVID-19 Pandemic

Mariusz Szuster, Malgorzata Lotko
European Research Studies Journal, Volume XXV, Issue 2B, 225-234, 2022
DOI: 10.35808/ersj/2956


Purpose: The article presents an analysis of the weaknesses of the current approach used in risk management during the COVID-19 pandemic. Referring to the previous (pre-pandemic) theoretical considerations, an assessment of the activities applied in companies is presented. Design/Methodology/Approach: The first part of the article presents the theoretical aspects of risk management. The next part is discussing the survey results. The final part presents the effects of the COVID-19 pandemic and the details of changing attitudes towards the sphere of risk management. Findings: Despite numerous literature studies, problems related to risk management have been marginalized for decades. This is confirmed by, for example, surveys. COVID-19 has forced a radical change in attitude to issues related to risk management. Practical Implications: The directions of changes in the area of economic policy at the EU and US level as well as changes in the attitude of managers were indicated. Originality/Value: The paper shows the scale, direction and intensity of changes under the influence of the COVID-19 pandemic.

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