Archive of Journal - Financing
Financing – scientific magazine for economy
ISSUE 2021, No. 2, Article 5, Year of publication: 13, June, 2022
Disruptions within global supply chains as a consequence of current economic and political events
Slobodan N. Aćimović, PhD*; Veljko M. Mijušković**, Ljiljan Veselinović***, Ana Todorović Spasenić****
*PhD Full Professor, University of Belgrade, The Faculty of Economics, Department of Business economics and management, **PhD Assistant Professor, University of Belgrade, The Faculty of Economics, Department of Business economics and management, ***PhD Associate Professor, University of Sarajevo, School of Economics and Business Sarajevo, Department for Microeconomy, ****Prvi partizan a.d. Užice
The Covid-19 pandemic and the war in Ukraine led to one of the biggest recessions in the recent global economic history. The crisis has affected all segments of economic activity at the global level, which has directly affected the business of internationally oriented companies. The real challenge is to minimize losses in the field of supply chain management in ever more uncertain market conditions, which, after the pandemic, were further aggravated by the current war in Ukraine. The subject of analysis within the paper is the delay in the delivery of strategic raw materials to many companies, which directly affected the non-compliance with production deadlines, and thus the delivery of products to customers. This is, in addition to the problem of securing funds for financing commodities and the huge energy crisis, a problem faced by all companies in the manufacturing segment, which directly affects the cooperation between company supplier – company producer – company buyer. The paper analysis also deals with the current war in Ukraine which is expected to further increase the losses of states and internationally oriented companies, with giving forecasts of a long recovery of the global economy, following after.
Keywords: Covid-19 pandemic, war in Ukraine, recession, internationally oriented companies, global supply chains