Impact of COVID-19 on the Supply Chain: a study in Bangladesh
Author (s)
Fariya Tabassum
Abstract
The COVID-19 is now the headache of the world trade and Bangladesh isn’t the anomaly of it. The nationwide lockdown strategy includes several protective measures affects the supply-chain and vindicates to access to agricultural products, inputs, markets and all those results in increasing prices of rice and pulses but the price of milk is 40% lower than that of January, vegetables are sold at 25-50% of production costs, drastic devastation in poultry firm keeping about 50% of eggs and 70% of broilers unsold as well as crab, shrimp, and fish producers faced several export bans thus price fall. The invasion in the service sector also included and that result in moved online or IT-based service providing everywhere including education, healthcare, financial and consultancy firm. The supply-chain effect in the pharmaceuticals industry is huge because of a demanding hike for certain products and on the contrary, 28% of SMEs have seen revenue drop by at least 50%. In the RMG sector, cancellation of orders of 900 million pieces of garments worth $2.9 billion resulting from the lack of demand from the US and European markets made shut down garments, incurred loss of nearly $ 6 billion and massive job loss. Price hike in smartphones, electric products are noticed. The demand also got low for luxury products. The study is based on primary and secondary data to accumulate the impact of COVID-19 on the supply chain for some selected industries of Bangladesh. This will create value to understand the sector-wise circumstances of COVID-19.
Keywords: COVID-19, supply chain, Agriculture, RMG, SMEs.
| Title: |
Impact of COVID-19 on the Supply Chain: a study in Bangladesh |
|---|---|
| Author: | Fariya Tabassum |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.4305819 |
| Media: | Online & Print |
| Volume: | 4 |
| Issue: | 12 |
| Acceptance Date: | 26/11/2020 |
| Date of Publication: | 04/12/2020 |
| PDF URL: | https://ijsab.com/wp-content/uploads/632.pdf |
| Free download: | Available |
| Page: | 136-151 |
| First Page: | 136 |
| Last Page: | 151 |
| Paper Type: | Research Paper |
| Current Status: | Published |
Cite This Article:
Fariya Tabassum (2020). Impact of COVID-19 on the Supply Chain: a study in Bangladesh. International Journal of Science and Business, 4(12), 136-151. doi: https://doi.org/ 10.5281/zenodo.4305819
Retrieved from https://ijsab.com/wp-content/uploads/632.pdf
About Author (s)
Fariya Tabassum, Student, MBA, Department of Management, University of Dhaka.
DOI: https://doi.org/10.5281/zenodo.4305819