The impact of Covid-19 on supply networks of companies

Scientists from the University of Stuttgart explain which solutions help companies - At present, it is not yet possible to estimate the overall impact of the Covid-19 crisis. An important area that is already severely affected is the economic system. Prof. Andreas Größler, Institute of Business Administration at the University of Stuttgart, and his doctoral candidate Marc Wiedenmann investigated what companies can learn from the crisis and which solutions should be implemented. Nowadays, most companies are part of a globally connected supply network and therefore do not act independently. Although interest in supply network management has been increasing steadily in recent years, many companies are still not prepared for Covid-19. One can see that, during the Covid-19 crisis, supply networks are confronted with three different problems, explain Wiedenmann and Größler. For one thing, some supply networks are faced with a disproportionately high demand, such as for hygiene products (toilet paper).