Open AccessCOVID‐19 Pandemic Impact on the Exports and Imports
Author(s) -
Mihaela Gabriela Belu
Publication year - 2021
Publication title -
the romanian economic journal
Language(s) - English
Resource type - Journals
eISSN - 2286-2056
pISSN - 1454-4296
DOI - 10.24818/rej/2021/82/03
Subject(s) - supply chain , business , covid-19 , resilience (materials science) , international trade , international economics , pandemic , mechanism (biology) , industrial organization , economics , marketing , medicine , physics , disease , pathology , infectious disease (medical specialty) , thermodynamics , philosophy , epistemology
This paper’s objectives are the following: describing the impact of the COVID 19 crisis on the mechanismof export-import operations; the evolution of Romania’s export-import activities during 2020-2021 andidentifying some recommendations meant to help companies fight the sanitary crisis’ effects. The study isbased on a theoretical research investigating the impact of the sanitary crisis on the management of anexport-import operation. Due to disruptions in global supply chains, the companies operating in the fieldof international trade had to redefine their operating strategies for the foreign markets. The magnitude ofthese changes related to the transactional mechanism specific to export-import activities will lead toprofound mutations in the global supply chain, with benefits in term of resilience in all phases of the supplychain.