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Breaking Supply Chains and Inflationist Impact in the COVID-19 Process: The Example of Turkey

Breaking Supply Chains and Inflationist Impact in the COVID-19 Process: The Example of Turkey
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Author(s): Meltem Duğru (Trakya Üniversitesi Uzunköprü Uygulamali Bilimler Yüksekokulu, Turkey)
Copyright: 2023
Pages: 18
Source title: Managing Inflation and Supply Chain Disruptions in the Global Economy
Source Author(s)/Editor(s): Ulas Akkucuk (Bogazici University, Turkey)
DOI: 10.4018/978-1-6684-5876-1.ch015

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Abstract

The COVID-19 pandemic started as a process full of uncertainties, and the first case was detected in Turkey in March 2020. The panic process that started after that date has had negative effects on the economy in the following periods. While the effects have reflections on foreign trade due to the fact that it is a global process, the change in consumption and demand patterns in the country has changed all the balances. Thus, it is important to address the changes in almost every aspect of our lives and to examine them during the crisis period. Breaking the supply chains in the changing balances and to understand the importance of the supply chains accordingly are the subjects of this study. This study investigated how Turkey spent the COVID-19 process due to its economic structure and geopolitical location and, in addition, how it managed its supply chains. As a result of the research, it was concluded that if the deficits in the supply chains can be evaluated, the crisis process can be turned into an opportunity.

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