De-globalization trends and new protectionism after covid-19 outbreak

: impacts on global supply chains

Abstract

The Covid-19 pandemic has created many challenges for the modern and interconnected world we live in. Global supply chains, which until this outbreak, had shown a certain level of responsiveness and reliability in responding to disruptions, were now subject to a great test of their resilience. By carrying out interviews with several different companies, it is shown that Covid-19 has caused substantial harm to a variety of industries worldwide, compromising all nodes of their supply chain, from raw material assurance to the delivery of finished goods to consumers. Consequently, the disruption propagation was both from upstream and downstream of the value chain. With the objective of understanding if this crisis is also intensifying de-globalization trends, the study also focuses on the relationship between supply chain disruptions and the impacts it has on global trade. The analysis pointed to a deacceleration of international trade during the first months of the disease, mainly due to the closure of borders, but after this period, global dynamics started to be reestablished, suggesting that there isn’t an intensification of de-globalization trends.

Date of Award	20 Dec 2022
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Susana Silva (Supervisor) & Francisco Figueira de Lemos (Co-Supervisor)