Track: Systems Dynamics
The pandemic caused by the COVID-19 virus has had negative effects on different industrial sectors, the world economy and especially on Supply Chains. The pandemic revealed the vulnerability of key logistics processes of companies and their Supply Chain, as different operational risks increased, causing breaks in inventories, production lines and the distribution process, caused by an increase in customer demand. However, this pandemic has also generated a re-evaluation of the models and strategies that companies had established as the standard, and that was not enough to face the shortage of components, raw materials and inputs needed to keep the production processes active. Therefore, this article proposes developing a conceptual model under the System Dynamics methodology, which allows identifying the main impacts that the COVID-19 pandemic had on the performance of the Supply Chain through the design of Causal Loop Diagrams.
COVID-19, Supply Chain, System Dynamics, Causal Loop Diagrams.