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DOI: 10.33226/1231-2037.2022.12.2
JEL: E32, I13, L43, L91, R41

Global supply chains' disruptions as a result of the COVID-19 pandemic crisis and the dynamic world container shipping market recovery

 The world crisis caused by the pandemic exerted significant impact on the global supply chain operations. They were subjected to numerous unprecedented disturbances which then significantly intensified as a result of the unexpected, dynamic recovery of the global container transport market. The aim of the article is to attempt a multifaceted initial assessment of the scale and widespread results of the destabilization of markets and global logistics supply chains, as well as to determine its impact on the global economy, along with an indication of the possible short- and medium-term consequences of this state for selected entities operating in global supply chains. The main hypotheses which were verified during the study were as followed: (1) the COVID-19 crisis impacted the global commodity and shipping markets with unprecedented and unknown so far force, (2) the global container shipping sector experienced historical boom during the period from October 2020 to March 2022 and was in fact a real financial beneficiary of the last crisis. The methods of economic and statistical analysis and among them the factors analysis (FA) have been used as the main analytical tool to carry out the set research goals and to verify the hypotheses. The results of this study indicate the need for greater control of the global container shipping alliances by antitrust authorities as well as for deeper structural reconstruction of the existed global logistics supply chains.

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Keywords: supply chains disruptions management; container shipping market; freight and charter indices; resilient digitalized supply chain



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