FUNCTIONING OF SUPPLY CHAINS IN THE CONDITIONS OF MODERN CRISES

In recent times global supply chains have been undergoing significant changes under the influence of global
economic crises, consequences of the COVID-19 pandemic, political decisions (regarding Russia and Ukraine),
etc. As a result, the global supply chains can be disrupted and rebuilt «from the foundation», what often leads to a shortage of products or a change in the structure of consumption. Such changes may affect a significant part of the population, which determines the relevance of the research topic. Objective: to identify the current vector of global supply chains development and assess the consequences of their disruption during crises. Methods: a systematic review of the literature, a comparison method and correlation analysis tools to detect the degree of dependence between the indicators under consideration. Results. Based on the analysis, the key consequences arising from the disruption of global supply chains were identified: rising product prices and inflationary shocks, a temporary reduction in the volume of trade between partner countries, changes in their welfare and the restructuring of chains to find new participants and minimize risks, the transition to an integrated model of global supply chains management and the construction of its functioning scheme. Scientific novelty. Based on the analysis of many factors, the consequences of disruption of global supply chains on the modern functioning of the economies of countries were identified and evaluated. Practical significance. The main provisions and conclusions of the article can be used in scientific and managerial activities when considering the functioning and development of trade relations between states.