Supply Chain

If testing is to be a foundational block of Maryland’s plan to begin reopening the state, as Gov. Larry Hogan has said it will be, then the tests themselves are just part of a complex supply chain management problem that needs to be solved.

A St. Mary's University finance expert offers insight on how to manage global supply chains going forward.

Lessons learned from failures during COVID-19 include not relying on a single supplier overseas and finding ones that are closer to their customers, experts say.

David Simchi-Levi of MIT presents: From Pandemic Disruption to Global Supply Chain Recovery: The rapid spread of the COVID-19 virus is already having a huge impact on the global economy, which is rippling around the world via the long supply chains of major industries. In this webinar we will focus on the need to quickly respond to the challenge. Specifically, we will introduce concepts and methods that supply chain executives can use to (i) identify critical suppliers; (ii) assess the impact of these suppliers on their business; (iii) develop a recovery plan that secures capacity and addresses business challenges.

South Orange, New Jersey, USA: As the world attempts to navigate the uncertain conditions surrounding Covid-19, businesses, medical professionals and government officials have all struggled to maintain appropriate levels of goods – and the services that require those goods. 

According to management expert Christopher Tang, the global supply chain is broken

Two marketing researchers produced a study that reveals that a consumer’s decision on how much to buy in each shopping trip depends on their current inventory and what they expect prices to look like in the near future.

In the U.S., we are not seeing any specific localized disruption yet, although I’m watching New Jersey where it could be on the cusp. There are a lot of manufacturing facilities there in pharmaceuticals and chemicals, and therefore that’s an area I think we should be paying attention to. Globally, of course we are seeing Italy shut down. China was shut down, and it appears to be recovering now, but again I think it is too early to say if the epidemic has passed even in China.

INFORMS President, Pinar Keskinocak, does her first live TV interview on the impact of supply chains amid the coronavirus pandemic.

While the coronavirus outbreak has stifled China’s output, the quarantine hasn’t been used long enough to empty the supply chain and rattle factories and stores in Tennessee. But that could come.