Study on China Strategy for Responding to the Epidemic from the Perspective of Industrial Supply Chain Elasticity Theory

Abstract

The sudden outbreak of COVID-19 has hit the global economic hard, and the right strategy is necessary to get the industrial supply chain out of trouble quickly. Based on the anti-epidemic experiences of China, firstly, an epidemic impact measurement model was defined based on supply chain elasticity theory. Then, a five-stage planning model for the elastic deformation of industrial supply chain under major public health emergencies is constructed by fitting the life cycle law of event development. Finally, taking the supply chain data of China's apparel industry as an example, the optimal solution was obtained by using the Spreadsheet programming, and the error value was lesser than 12%. This model proves that the anti-epidemic strategies adopted by the Chinese government are scientific and effective and can provide a guiding tool for decision makers to predict the industrial development in the event of major public health emergencies.