Macro-Financial Implications of the COVID-19 Pandemic

Utz, Robert Johann; Feyen, Erik; Ahued, Francisco Vazquez; Nie, Owen; Moon, Jisung

doi:10.1596/33955

Cited by 8 publications

(4 citation statements)

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“…Low living standards and limited infrastructure, especially in the healthcare industry, make many African countries vulnerable to the impacts of the pandemic. Countries with weak health infrastructures and political structures, as well as already existing vulnerabilities in the financial sector, are particularly exposed to movements in the global markets (Utz et al. , 2020).…”

Section: Discussionmentioning

confidence: 99%

Comparing regions globally: impacts of COVID-19 on supply chains – a Delphi study

Seuring

Brandenburg

Sauer

et al. 2022

IJOPM

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PurposeThe COVID-19 pandemic has challenged supply chains (SCs) around the globe unprecedentedly. This study aims to gain insights on the impacts of the pandemic on SCs and their management under consideration of different regional contexts on a global scale.Design/methodology/approachA Delphi study collects the expertise of global SC academics on the SC vulnerabilities and the measures for responding to disruptions, improving resilience, and restoring operations. Data from three polls are systematically analyzed by content, frequency, and cluster analysis.FindingsThe study identifies and ranks ten major issues related to SC vulnerabilities and management strategies for specific SC processes and geographical regions. Detected differences among the considered geographical regions point towards particular challenges and call for specific measures to integrate regional contingencies into SC management. In a regional comparison, China and Iran as well as Africa clearly stand out, but also Europe/North America, India/Pakistan, and Brazil show geographical particularities.Research limitations/implicationsThe responses are collected against the COVID-19 pandemic, while the findings show differences among the regions thereby arguing for taking regional contingencies into account in managing SCs.Practical implicationsSC resilience is a core aim, which was emphasized by the COVID-19 pandemic. The findings provide insights and challenges that managers would have to meet in the different regions covered.Originality/valueThis paper contributes to existing knowledge on SC risks and SC resilience in context to extreme situations. Given that events, such as the COVID-19 pandemic, will become more frequent in the future due to climate change and geopolitical tensions, insights into how to manage SCs under extreme conditions and into regional differences are crucial.

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Section: Discussionmentioning

confidence: 99%

Comparing regions globally: impacts of COVID-19 on supply chains – a Delphi study

Seuring

Brandenburg

Sauer

et al. 2022

IJOPM

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“…To facilitate the transition to secure employment as well as boost well-being and broader economic recovery, programs focusing on coaching, skill-building, personal initiative training, and soft skill development training are beneficial. 26,33,[39][40][41] Better trained workers will also secure greater productivity and commercial returns, contributing to job retention. 42 Migrant workers require specific job protection policies and measures, including increasing the time allowed for work permits and allowing temporary workers to change employers.…”

Section: Protecting Jobsmentioning

confidence: 99%

“…Three articles described global-level interventions focused on temporary financial and fiscal policies. 41,62,63 The World Bank describes macrofinancial interventions targeting financial institutions to support lending, sector-specific subsidies to offset revenue losses, and bailouts to businesses with systemic economic importance. 64 Such interventions include the establishment of liquidity and credit guarantee facilities.…”

Section: Protecting Jobsmentioning

confidence: 99%

COVID-19 Economic Response and Recovery: A Rapid Scoping Review

et al. 2021

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This rapid scoping review of existing evidence and research gaps addressed the following question: what research evidence exists and what are the research gaps at global, regional, and national levels on interventions to protect jobs, small- and medium-sized enterprises, and formal/informal sector workers in socioeconomic response to the coronavirus disease 2019 (COVID-19) pandemic? The results are based on 79 publications deemed eligible for inclusion after the screening and prioritizing of 1,658 records. The findings are organized according to the 3 main categories of socioeconomic interventions—protecting jobs, enterprises, and workers—although the 3 are intertwined. Most results were derived from global-level gray literature with recommendations for interventions and implicit links to the sustainable development goals. Based on research gaps uncovered in the review, future implementation science research needs to focus on designing, implementing, evaluating, and scaling: effective evidence-based socioeconomic interventions; equity-focused, redistributive, and transformative interventions; comprehensive packages of complementary interventions; interventions to upend root causes of systemic social inequities; collaborative and participatory approaches; interventions that integrate environmental sustainability; and city-level interventions. Failing to consider the environmental dimensions of economic recovery is shortsighted and will ultimately exacerbate social inequities and poverty and undermine economic stability in the long term.

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“…"During the pandemic, the textile industry has played an important role in meeting the need to overcome and prevent COVID-19, such as producing masks and personal protective equipment" (Wibowo, 2022). This is supported by policies and support from the Indonesian government for the textile industry, such as debt restructuring, tax incentives, easing and macroprudential measures to encourage increased credit (Utz et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Collaboration and Supply Chain Integration Strategies in The Textile Industry to Anticipate the Increase in Demand Post Covid-19

Respati,

Kurniawan,

Cahyadi

et al. 2024

BLC

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This research aims to find out what business innovation strategies are being implemented by several textile entrepreneurs to achieve momentum for improving this industry while business risks can be minimized. This phenomenological research was carried out using interviews, observations and document studies at several textile companies in Central Java. The novelty in this research answers the phenomenon that occurred in the textile industry after the COVID-18 pandemic outbreak. The research results show that two strategies are most dominantly used: First, the collaboration strategy, companies collaborate with other companies to share risks and profits. Second, a supply chain integration strategy by controlling companies located upstream and downstream in the textile industry to secure production and control the market

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Macro-Financial Implications of the COVID-19 Pandemic

Cited by 8 publications

References 0 publications

Comparing regions globally: impacts of COVID-19 on supply chains – a Delphi study

Comparing regions globally: impacts of COVID-19 on supply chains – a Delphi study

COVID-19 Economic Response and Recovery: A Rapid Scoping Review

Collaboration and Supply Chain Integration Strategies in The Textile Industry to Anticipate the Increase in Demand Post Covid-19

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