LANAC SNABDIJEVANJA POSLIJE GLOBALNE PANDEMIJE
THE SUPPLY CHAIN AFTER THE GLOBAL PANDEMIC

Author(s): Marko Jakšič, Žiga Agostini, Ramon Babič, Gaber Gašperlin
Subject(s): Economy, National Economy, Micro-Economics, Health and medicine and law
Published by: Finrar d.o.o Banja Luka
Keywords: supply chain; pandemic; costs; inventory level; network distribution;
Summary/Abstract: The global pandemic has exposed serious flaws in supply chains, as the focus on cost reduction and maximization of value added has led to the adoption of heterogeneous supply chains.During the COVID-19 pandemic, global supply chains were put to the test with export restrictions and various external shocks. The purpose of this paper is to understand how companies can better navigate the turbulent environment they have found themselves in and adjust their supply chains to be better prepared for any future disruptions. The first part deals with how COVID-19 caused disruptions in supply chains in the form of immediate shocks and the persistent uncertainty afterwards. The second part addresses an analysis of managerial actions taken by Slovenian companies and explores appropriate steps taken to cope with the issues explained in the first part. The third part deals with long-term actions that will betaken by Slovenian companies to avoid the same supply chain problem in the future. WhileCOVID-19 is proving to be quite a challenge for supply chains, both globally as well as in Slovenia, it is also a learning opportunity and a catalyst for some much-needed changes. In the past, the changes in supply chains were mostly focused on cost-cutting and COVID-19 has exposed the risks that were created as a result. While there is no one-size-fits-all solution,all supply chain managers will also have resilience in mind when deciding on the way forward. This includes improving the sharing of information up and down the supply chain,fostering relationships with strategic partners, using technology to better understand and manage the supply chain, and diversifying sourcing as well as distribution. The companies in Slovenia we have interviewed were better prepared for the disruptions in their supply chains then we initially expected.

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