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Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry

While many other countries around the world were struggling to mitigate the immense health and economic effects of the global Covid-19 pandemic, the UAE Government ensured that no shortage of the supplies of goods and services affected the country. This has been attributed to the government’s robust...

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Autores principales: Sundarakani, Balan, Onyia, Okey Peter
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8548861/
http://dx.doi.org/10.1057/s41264-021-00118-9
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author Sundarakani, Balan
Onyia, Okey Peter
author_facet Sundarakani, Balan
Onyia, Okey Peter
author_sort Sundarakani, Balan
collection PubMed
description While many other countries around the world were struggling to mitigate the immense health and economic effects of the global Covid-19 pandemic, the UAE Government ensured that no shortage of the supplies of goods and services affected the country. This has been attributed to the government’s robust financial support to the supply chain and logistics industry during the pandemic (Atayah et al. 2021). The UAE imports over 90% of its commodities from overseas—including foods, drinks, pharmaceuticals, automobiles, clothing, electronics, building materials, logs, paper, plants, machinery, tools, and raw materials. All these products pass through the operations of the country’s supply chain industry, which depends heavily on the financial institutions. Due to the above assertion, we found it necessary to empirically examine the challenges, threats and successes of the country’s supply chain operators in order to ascertain their financial and business resilience during the pandemic based on the survival strategies and financial resources they received and employed during the unrelenting pandemic. Accordingly, this research has examined the financial and operational resilience of the country’s supply chain organizations as reflected in their ability to maintain efficient financial strategies and stable business operations despite the scourging pandemic. Our initial findings indicate that Covid-19 pandemic interruptions on the nationwide distribution of goods and services in the UAE have been very minimal due to the government’s robust financial support to the logistics industry, and consequently the business resilience developed by the industry operators.
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spelling pubmed-85488612021-10-27 Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry Sundarakani, Balan Onyia, Okey Peter J Financ Serv Mark Original Article While many other countries around the world were struggling to mitigate the immense health and economic effects of the global Covid-19 pandemic, the UAE Government ensured that no shortage of the supplies of goods and services affected the country. This has been attributed to the government’s robust financial support to the supply chain and logistics industry during the pandemic (Atayah et al. 2021). The UAE imports over 90% of its commodities from overseas—including foods, drinks, pharmaceuticals, automobiles, clothing, electronics, building materials, logs, paper, plants, machinery, tools, and raw materials. All these products pass through the operations of the country’s supply chain industry, which depends heavily on the financial institutions. Due to the above assertion, we found it necessary to empirically examine the challenges, threats and successes of the country’s supply chain operators in order to ascertain their financial and business resilience during the pandemic based on the survival strategies and financial resources they received and employed during the unrelenting pandemic. Accordingly, this research has examined the financial and operational resilience of the country’s supply chain organizations as reflected in their ability to maintain efficient financial strategies and stable business operations despite the scourging pandemic. Our initial findings indicate that Covid-19 pandemic interruptions on the nationwide distribution of goods and services in the UAE have been very minimal due to the government’s robust financial support to the logistics industry, and consequently the business resilience developed by the industry operators. Palgrave Macmillan UK 2021-10-27 2021 /pmc/articles/PMC8548861/ http://dx.doi.org/10.1057/s41264-021-00118-9 Text en © The Author(s), under exclusive licence to Springer Nature Limited 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Article
Sundarakani, Balan
Onyia, Okey Peter
Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title_full Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title_fullStr Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title_full_unstemmed Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title_short Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry
title_sort fast, furious and focused approach to covid-19 response: an examination of the financial and business resilience of the uae logistics industry
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8548861/
http://dx.doi.org/10.1057/s41264-021-00118-9
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