Do firms react to supply chain disruptions?

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dc.contributor.authorLucio Fernández, Juan José de
dc.contributor.authorDíaz Mora, Carmen
dc.contributor.authorMínguez, Raúl
dc.contributor.authorMinondo, Asier
dc.contributor.authorRequena Silvente, Francisco
dc.date.accessioned2025-07-23T06:29:21Z
dc.date.available2025-07-23T06:29:21Z
dc.date.issued2023-09
dc.date.updated2025-07-23T06:29:21Z
dc.description.abstractSince the outbreak of the Covid-19 pandemic, the disruption of supply chains has become a major concern for global firms. This article uses a representative sample of Spanish manufacturers that participate in global value chains to analyze whether firms are implementing strategies to respond to this concern. Using data for the period 2017–2022, we find that, on average, manufacturers have not increased the number of countries from which they source their input since the Covid-19 pandemic. Firms have not either shifted their imports to countries that are geographically and geopolitically close to Spain, and have not reshored imports. However, firms have significantly increased the stock of intermediates. Firms only diversify when they have one supplier, export to many destinations, and the imported input has a high risk of experiencing a supply chain disruption. Firms nearshore and friendshore when their main supplier is geographically distant.en
dc.description.sponsorshipThis research was conducted as part of the Project PID2021-122133NB-I00 financed by MCIN/AEI/10.13039/501100011033/FEDER, EU. We also gratefully acknowledge financial support from the Basque Government Department of Education (IT1429-22), Comunidad de Madrid and UAH (EPU-INV/2020/006), and Generalitat Valenciana Programa Prometeu 2023 (CIPROM/2022/50)en
dc.identifier.citationde Lucio, J., Díaz-Mora, C., Mínguez, R., Minondo, A., & Requena, F. (2023). Do firms react to supply chain disruptions? Economic Analysis and Policy, 79, 902-916. https://doi.org/10.1016/J.EAP.2023.07.004
dc.identifier.doi10.1016/J.EAP.2023.07.004
dc.identifier.issn0313-5926
dc.identifier.urihttps://hdl.handle.net/20.500.14454/3270
dc.language.isoeng
dc.publisherElsevier B.V.
dc.rights© 2023 Economic Society of Australia, Queensland
dc.subject.otherDiversification
dc.subject.otherFriendshoring
dc.subject.otherNearshoring
dc.subject.otherReshoring
dc.subject.otherSpain
dc.subject.otherStocks
dc.subject.otherSupply chain disruptions
dc.titleDo firms react to supply chain disruptions?en
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.endPage916
oaire.citation.startPage902
oaire.citation.titleEconomic Analysis and Policy
oaire.citation.volume79
oaire.licenseConditionhttps://creativecommons.org/licenses/by-nc-nd/4.0/
oaire.versionVoR
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