全球智库信息集成服务系统(G2TT): DP16813 Supply shocks in supply chains: Evidence from the early lockdown in China

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16813
	DP16813 Supply shocks in supply chains: Evidence from the early lockdown in China
	Julien Martin; Raphael Lafrogne-Joussier; Isabelle Mejean
发表日期	2021-12-15
出版年	2021
语种	英语
摘要	How do firms in global value chains react to input shortages? We examine micro-level adjustments to supply chain shocks, building on the COVID-19 pandemic as a case study. French firms sourcing inputs from China just before the early lockdown in the country experienced a drop in imports between February and April 2020 that is 7% larger than firms sourcing their inputs from elsewhere. This shock on input purchases transmits to the rest of the supply chain through exposed firms' domestic and export sales. Between February and April, firms exposed to the Chinese early lockdown experienced a 5.7% drop in domestic sales and a 5% drop in exports, in relative terms. The drop in foreign sales is entirely attributable to a lower volume of exports driven by a reduction in the number of markets served. We then evaluate whether mitigation strategies adopted by some exposed firms helped them weather the shock. Whereas the ex-ante geographic diversification of inputs does not seem to mitigate the impact of the shock, firms with relatively high inventories have been able to absorb the supply shock better.
主题	International Trade and Regional Economics
关键词	Global value chains Inventories Diversification
URL	https://cepr.org/publications/dp16813
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545740
推荐引用方式 GB/T 7714	Julien Martin,Raphael Lafrogne-Joussier,Isabelle Mejean. DP16813 Supply shocks in supply chains: Evidence from the early lockdown in China. 2021.