The aim of this publication is to paint a comprehensive picture about the
consequences of the novel coronavirus pandemic that broke out in 2020, its impact
on
the global supply chains; as well as to introduce the effects of goods shortages in
Europe, specifically on the semiconductor market; furthermore, to present the
bullwhip effect phenomenon noticeable throughout the entire value chain, as well as
the shift in balance on the producer side towards China. The relevant research extends
to the alternative procurement opportunities and to the realization of a unified
European production
