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| Impact of Covid-19 on Supply Value Chain in Nigeria |
Nnadozie, Ugochukwu Christopher
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Abstract:
The emergence of Coronavirus popularly known as COVID-19 pandemic globally has adversely effected businesses, households and the entire global economy. The pandemic has directly affected international trade and global supply chains (GSCs) that link production in multiple locations across the world. The aim of this paper is to discuss impact of COVID-19 on supply value chain in Nigeria. This paper is predicated on secondary sources of data collection through content and documentary analyses from textbooks, journal articles, official government and institutional documents and reports, newspapers and the Internet. Data were analyzed descriptively. Theoretically, the paper depended on the Risk Society Theory. The results showed that the impact of COVID-19 on supply chain operations in Nigeria could be observed in the following aspects: transport, production capacity of local production, import dependence, delays in port clearance, and foreign exchange challenges. The findings of the paper further revealed that the pandemic adversely affected supply chain operations in every sector of the economy but focus was on the following selected sectors namely: renewable energy sector, food and beverage industry, manufacturing sector, and oil and gas industry etc. In conclusion, the impact of COVID-19 on supply value chain have effected many companies and in almost all the sectors of the Nigerian economy. It is therefore recommended that due to the current situation as a result of the COVID-19 pandemic, businesses should strategically adopt a more dynamic working plans trough the instrumentality of information and communications technology platforms for electronic meetings and teleworking.
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