COVID-19 SUSTAINABILITY OF THE CABLE INDUSTRY: RESULTS AND TRENDS

Oksana Gaifutdinova; Anna Mingaleva

Authors

Oksana Gaifutdinova Department of Economics and Industrial Management, Perm National Research Polytechnic University (RUSSIA)
Anna Mingaleva Department of Economics and Industrial Management, Perm National Research Polytechnic University (RUSSIA)

Keywords:

Cable industry, Covid-19, sustainable development, Business Resilience, factors of influence, sustainability

Abstract

Purpose. The purpose of the article is the analysis of the resilience of the cable industry to the negative impacts of the Covid-19 pandemic.

Research methods: observation method, method of assessing the dynamics of statistical data, method of comparative analysis.

Results. It was revealed that the work of cable enterprises was directly influenced by actions to block and temporarily stop production; as well the cable industry has been severely impacted by falling demand from other industries for which it supplies products. The article establishes that for Russia such industries were the construction industry, the oil industry, mechanical engineering, energy enterprises and aircraft manufacturing enterprises. These enterprises sharply reduced production volumes in mid-2020, which negatively affected the supply and production of cable products. The article also analyzes the influence of such a factor as changes in prices for raw materials cables’ production. Conclusions. In general, it was concluded that despite the difficult economic conditions, the cable industry in Russia did not suffer as much as other sectors of the country's economy, since the business model of the cable industry has elements of sustainability.

References

. Lu, M.-T., Tsai, J.-F., Shen, S.-P., Lin, M.-H., Hu, Y.-C. (2020). Estimating sustainable development performance in the electrical wire and cable industry: Applying the integrated fuzzy MADM approach. J of Cleaner Prod 277, 122440. https://doi.org/10.1016/j.jclepro.2020.122440

. Tsai, J.-F., Lu, M.-T., Shen, S.-P. (2018) Evaluating the strategies of sustainable development in electrical wire and cable industry –using the fuzzy madm methods. Proceedings of International Conference on Computers and Industrial Engineering, CIE, #144541, 11p

. Sherafati, M., Bashiri, M., Tavakkoli-Moghaddam, R.c, Pishvaee, M.S. (2019). Supply chain network design considering sustainable development paradigm: A case study in cable industry. J of Cleaner Prod 234, 366-380.

. Gaikwad, K.G., Velani, K.N. (2016) Design of integrated transmission and distribution net work for a Green Field smart city. Water and Energy International, 59RNI (4), 24-34.

. NP "Association" Electrokabel ". Avaliable at: http://www.elektrokabel.ru/news [accessed 20.03.2021].

. Dynamics of the price of copper for 2020. Avaliable at: https://www.calc.ru/dinamika-Copper.html?date=2020 (24.03.2021) [accessed 27.03.2021].

. The crisis of the cable industry after the Covid-19 pandemic. Avaliable at: https://kabels.ru/company/news/krizis_kabelnoy_promyshlennostyu_posle_pandemii_covid_19/(22/03/2021) [accessed 29.03.2021].

. Brent crude oil prices. Avaliable at: https://quote.rbc.ru/ticker/181206 (24.03.2021) [accessed 26.04.2021].

. Shashkova O. (2021). The market of cable and wire products: foreign trade of the Russian Federation at the end of 2020. Electrical market 1(97), 20-22.

.Mingaleva, Z., Shpak, N. (2015). Possibilities of solar energy application in Russian cities. Thermal Science 19, 457-466. doi: 10.2298/TSCI150330087M

.Mingaleva, Z., Mirskikh, I. (2019). The problems of digital economy development in Russia. Advances in Intelligent Systems and Computing 850, 48- 55. DOI: 10.1007/978-3-030-02351-5_7

.Innovations in the cable industry: trends and prospects. Avaliable at: https://www.holdcable.com/ru/press/articles/innovatsii-v-kabelnoypromyshlennosti-tendentsii-i-perspektivy [accessed 29.04.2021].