SHS Web Conf.
Volume 129, 2021The 21st International Scientific Conference Globalization and its Socio-Economic Consequences 2021
|Number of page(s)||10|
|Section||Global Impact of COVID 19 on Economy and Society|
|Published online||16 December 2021|
The logistic, economic and sustainability challenges of modern globalization revealed by the COVID-19 pandemic
Seinäjoki University of Applied Sciences, School of Business and Culture, Kampusranta 11, FI-60101 Seinäjoki, Finland
* Corresponding author: email@example.com
Research background: The COVID-19 pandemic revealed many problems in global logistics, economy and sustainability. Very long time the globalization has been seen as the motor of international development and prosperity. Because the COVID-19 pandemic the global logistics has seriously affected (for example air and sea logistics), especially European and US economies have experienced serious setback and even the global sustainability has been under turmoil.
Purpose of the article: In this article the major logistic, economic and sustainability challenges revealed by the COVID-19 pandemic during the years 2020 and 2021 will be researched and the research aims to define, how the global logistics, economy and sustainability have been affected and especially which of these changes can be seen irreversible. The world has already started the change of economic paradigm manifested by the Financial Times on September 18th 2019 in their article “Capitalism: Time for a Reset”. All the aspects highlighted by FT were catalysed by COVID-19 pandemic and now it is time to define, how we can use this experience for creation of the new globalization paradigm.
Methods: The main method of creating this article is to find and analyse recent practical information about challenges, development and solutions in logistics, economics and sustainability.
Findings & Value added: The main finding of this article is to create a holistic overview about what happened and what has been done in global logistics, economy and sustainability and how the post-COVID-19 ought to deal with globalization. The world will never return back to the status quo which was before the new economic paradigm and COVID-19, so it is necessary to understand, how our globalized world will change in the future.
Key words: economy / globalization / sustainability
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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