Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy

Nikolay Milchev Milev

doi:doi:10.11648/j.ijber.20231204.13

| Peer-Reviewed

Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy

Nikolay Milchev Milev

Published in International Journal of Business and Economics Research (Volume 12, Issue 4)

Received: 5 June 2023 Accepted: 28 June 2023 Published: 21 July 2023

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

The paper is about identifying and developing sustainable ecological chains of supply of local companies in the context of contemporary global business challenges. The process of global market restructuring of supplier’s networks in plenty of sectors, such as automotive parts, foods, GNL, microchips, furniture etc. is a relevant precondition for establishing business relations and increasing of market share of Bulgarian exporters. The fact, that the European Union is the biggest and most important foreign trade partner of Bulgaria is an existing precondition for this. The purpose of this paper is to identify possible approaches and measures for effective internationalization of Bulgarian small and medium sized enterprises (SME’s) and their products in the context of current turbulent changes and global supply chains. This would bring about a creation of sustainable business models, aimed at fostering export of local companies. The applied research methods are literature review of the contemporary sources referring international economy, observation of national and international economy processes, induction, leading to broader generalizations, case studies of good practices of companies in a number of local business sectors, competitive on the international market, graphical and statistical methods. As a result of the research are investigated specific corporate policies and approaches to the contemporary challenges of global supply chain restructuring and the appearance of new possibilities and market niches. A distinct focus is made on the Single European market as a main destination of local companies’ exports.

Published in	International Journal of Business and Economics Research (Volume 12, Issue 4)
DOI	10.11648/j.ijber.20231204.13
Page(s)	147-153
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Export Company, Global Supply Chain Management, Turbulent Business Environment, Subsupplier

References

[1]	Yu Xiao, Can Tian, Jiangang Wu, Jiamei Luo, (2023), Digital Capability and Business Model Innovation by Big Data Technology: The Mediating Role of Resource Reconfiguration, International Journal of Business and Economics Research 2023; 12 (1): 34-39, pp. 1-2.
[2]	Shik C. Willy, (2020) Global Supply Chains in a Post-Pandemic World, Harward Business Review, September–October 2020, p. 10.
[3]	Schary, P. and T. Larsen. (2001) Managing the Global Supply Chain. Copenhagen Business School Press, p. 23.
[4]	Coyle, J., Ed. Bardi, C. J. Langley, The Management of Business Logistics (A Supply Chain Perspective) (7th edition), South – Western, 2003, p. 39.
[5]	Cooper, M., L. Ellram, J. Gardner and A. Hanks. “Meshing Multiple Alliances”, Journal of Business Logistics, Vol. 18, No. 1, (1997), p. 68.
[6]	Mollov, D, (2017), Global supply chains-concepts and strategies, Second edition, University for national and world economy, ISBN 978-954-644-964-1.
[7]	Vodenicharova, M., (2007) Establishment of partnerships in SC in the meat industry, Book 3, Annual of Academy G. S. Rakovsky, Sofia, Bulgaria, pp. 189-196.
[8]	Porter, M. (1985) The Value Chain. In De Wit, B. and R. Meyer. (1994) Strategy. Process, Content, Context, West Publishing Company, p. 171.
[9]	Carr, A. and L. Smeltzer. (1999)“The Relationship of Strategic Purchasing to Supply Chain Management”, European Journal of Purchasing & Supply Management, 5 (1999), p. 45.
[10]	Bulgarian National Bank, (2023)Bulgarian Exports by Value, Year 2023, Retrieved from www.bnb.bg/Statistics/StExternalSector/ StForeignTrade/
[11]	Stadtler, K., C. Kriegler, (2005) Supply chain management advanced planning. Concepts, models, software and case studies, Axel Springer Berlin, ISBN 3-540-43450-X, second edition, p. V.
[12]	Holcomb, T. R. & Hitt, M. A. (2007), Toward a model of strategic outsourcing. Journal of Operations Management, 25, pp. 464-481.
[13]	Readman, J., (2022), The Application of an Outsourcing – Innovation Model, International Journal of Business and Economics Research, 2022; 11 (6): 304-313, ISSN: 2328-7543, p. 306.
[14]	Readman, J., (2022), The Application of an Outsourcing – Innovation Model, International Journal of Business and Economics Research, 2022; 11 (6): 304-313, ISSN: 2328-7543., p. 305.
[15]	Shik C. Willy, (2020) Bringing Manufacturing Back to the U.S. Is Easier Said Than Done, Harward Business Review, April 15, 2020.
[16]	MacCarthy, B. L., Atthirawong, W., 2003. Factors affecting location decisions in international operations—a Delphi study. International Journal of Operations & Production Management 23, p. p. 794–818.
[17]	Bulgarian Exports by Value, Year 2023, Retrieved June 27, 2023 from www.bnb.bg/Statistics/StExternalSector/StForeignTrade/

Cite This Article

Plain Text BibTeX RIS

APA Style

Nikolay Milchev Milev. (2023). Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. International Journal of Business and Economics Research, 12(4), 147-153. https://doi.org/10.11648/j.ijber.20231204.13

Copy | Download

ACS Style

Nikolay Milchev Milev. Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. Int. J. Bus. Econ. Res. 2023, 12(4), 147-153. doi: 10.11648/j.ijber.20231204.13

Copy | Download

AMA Style

Nikolay Milchev Milev. Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. Int J Bus Econ Res. 2023;12(4):147-153. doi: 10.11648/j.ijber.20231204.13

Copy | Download

@article{10.11648/j.ijber.20231204.13,
  author = {Nikolay Milchev Milev},
  title = {Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy},
  journal = {International Journal of Business and Economics Research},
  volume = {12},
  number = {4},
  pages = {147-153},
  doi = {10.11648/j.ijber.20231204.13},
  url = {https://doi.org/10.11648/j.ijber.20231204.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20231204.13},
  abstract = {The paper is about identifying and developing sustainable ecological chains of supply of local companies in the context of contemporary global business challenges. The process of global market restructuring of supplier’s networks in plenty of sectors, such as automotive parts, foods, GNL, microchips, furniture etc. is a relevant precondition for establishing business relations and increasing of market share of Bulgarian exporters. The fact, that the European Union is the biggest and most important foreign trade partner of Bulgaria is an existing precondition for this. The purpose of this paper is to identify possible approaches and measures for effective internationalization of Bulgarian small and medium sized enterprises (SME’s) and their products in the context of current turbulent changes and global supply chains. This would bring about a creation of sustainable business models, aimed at fostering export of local companies. The applied research methods are literature review of the contemporary sources referring international economy, observation of national and international economy processes, induction, leading to broader generalizations, case studies of good practices of companies in a number of local business sectors, competitive on the international market, graphical and statistical methods. As a result of the research are investigated specific corporate policies and approaches to the contemporary challenges of global supply chain restructuring and the appearance of new possibilities and market niches. A distinct focus is made on the Single European market as a main destination of local companies’ exports.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy
AU  - Nikolay Milchev Milev
Y1  - 2023/07/21
PY  - 2023
N1  - https://doi.org/10.11648/j.ijber.20231204.13
DO  - 10.11648/j.ijber.20231204.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 147
EP  - 153
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20231204.13
AB  - The paper is about identifying and developing sustainable ecological chains of supply of local companies in the context of contemporary global business challenges. The process of global market restructuring of supplier’s networks in plenty of sectors, such as automotive parts, foods, GNL, microchips, furniture etc. is a relevant precondition for establishing business relations and increasing of market share of Bulgarian exporters. The fact, that the European Union is the biggest and most important foreign trade partner of Bulgaria is an existing precondition for this. The purpose of this paper is to identify possible approaches and measures for effective internationalization of Bulgarian small and medium sized enterprises (SME’s) and their products in the context of current turbulent changes and global supply chains. This would bring about a creation of sustainable business models, aimed at fostering export of local companies. The applied research methods are literature review of the contemporary sources referring international economy, observation of national and international economy processes, induction, leading to broader generalizations, case studies of good practices of companies in a number of local business sectors, competitive on the international market, graphical and statistical methods. As a result of the research are investigated specific corporate policies and approaches to the contemporary challenges of global supply chain restructuring and the appearance of new possibilities and market niches. A distinct focus is made on the Single European market as a main destination of local companies’ exports.
VL  - 12
IS  - 4
ER  -

Copy | Download

Author Information

Nikolay Milchev Milev

Faculty of Social Sciences, University Prof. Dr. Asen Zlatarov, Burgas, Bulgaria

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Nikolay Milchev Milev. (2023). Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. International Journal of Business and Economics Research, 12(4), 147-153. https://doi.org/10.11648/j.ijber.20231204.13

Copy | Download

ACS Style

Nikolay Milchev Milev. Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. Int. J. Bus. Econ. Res. 2023, 12(4), 147-153. doi: 10.11648/j.ijber.20231204.13

Copy | Download

AMA Style

Nikolay Milchev Milev. Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy. Int J Bus Econ Res. 2023;12(4):147-153. doi: 10.11648/j.ijber.20231204.13

Copy | Download

@article{10.11648/j.ijber.20231204.13,
  author = {Nikolay Milchev Milev},
  title = {Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy},
  journal = {International Journal of Business and Economics Research},
  volume = {12},
  number = {4},
  pages = {147-153},
  doi = {10.11648/j.ijber.20231204.13},
  url = {https://doi.org/10.11648/j.ijber.20231204.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20231204.13},
  abstract = {The paper is about identifying and developing sustainable ecological chains of supply of local companies in the context of contemporary global business challenges. The process of global market restructuring of supplier’s networks in plenty of sectors, such as automotive parts, foods, GNL, microchips, furniture etc. is a relevant precondition for establishing business relations and increasing of market share of Bulgarian exporters. The fact, that the European Union is the biggest and most important foreign trade partner of Bulgaria is an existing precondition for this. The purpose of this paper is to identify possible approaches and measures for effective internationalization of Bulgarian small and medium sized enterprises (SME’s) and their products in the context of current turbulent changes and global supply chains. This would bring about a creation of sustainable business models, aimed at fostering export of local companies. The applied research methods are literature review of the contemporary sources referring international economy, observation of national and international economy processes, induction, leading to broader generalizations, case studies of good practices of companies in a number of local business sectors, competitive on the international market, graphical and statistical methods. As a result of the research are investigated specific corporate policies and approaches to the contemporary challenges of global supply chain restructuring and the appearance of new possibilities and market niches. A distinct focus is made on the Single European market as a main destination of local companies’ exports.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Contemporary Challenges Facing Bulgaria's Exporters in the Context of Turbulent Processes in the Global Economy
AU  - Nikolay Milchev Milev
Y1  - 2023/07/21
PY  - 2023
N1  - https://doi.org/10.11648/j.ijber.20231204.13
DO  - 10.11648/j.ijber.20231204.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 147
EP  - 153
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20231204.13
AB  - The paper is about identifying and developing sustainable ecological chains of supply of local companies in the context of contemporary global business challenges. The process of global market restructuring of supplier’s networks in plenty of sectors, such as automotive parts, foods, GNL, microchips, furniture etc. is a relevant precondition for establishing business relations and increasing of market share of Bulgarian exporters. The fact, that the European Union is the biggest and most important foreign trade partner of Bulgaria is an existing precondition for this. The purpose of this paper is to identify possible approaches and measures for effective internationalization of Bulgarian small and medium sized enterprises (SME’s) and their products in the context of current turbulent changes and global supply chains. This would bring about a creation of sustainable business models, aimed at fostering export of local companies. The applied research methods are literature review of the contemporary sources referring international economy, observation of national and international economy processes, induction, leading to broader generalizations, case studies of good practices of companies in a number of local business sectors, competitive on the international market, graphical and statistical methods. As a result of the research are investigated specific corporate policies and approaches to the contemporary challenges of global supply chain restructuring and the appearance of new possibilities and market niches. A distinct focus is made on the Single European market as a main destination of local companies’ exports.
VL  - 12
IS  - 4
ER  -

Copy | Download