Tag: chains

COVID-19 will fundamentally alter global supply chains

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The pandemic has generated a new constellation of business risks and opportunities, the most visible of which arise from disruptions in global supply chains.
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COVID-19 makes clear globalization is a fact of life. The pandemic has generated a new constellation of business risks and opportunities, the most visible of which arise from disruptions in global supply chains.

Companies need to capitalize on these changes by modernizing management of existing supply chains and executing strategies to erect new ones. There are four lessons enterprises should incorporate into their supply chain calculus and the logistics utilized to link them.

Not a one-off

First, one might harbor hope that COVID-19 is a unique event no matter whether a country’s population is rich or poor. This is highly unlikely. In the health field, experts believe a repeat pandemic will require draconian actions that will affect economic activity to mitigate contagion.

The

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Supply Chains Latest: U.S Visa Curbs Spur More Hiring in Overseas Units

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After Covid-19 saw millions of Americans lose their jobs and raised the unemployment rate to the highest since the Great Depression era, President Donald Trump responded by putting up barriers to restrict supply of a key commodity: skilled foreign labor.

Arguing that the entry of some workers “presents a significant threat to employment opportunities for Americans affected by the extraordinary economic disruptions” caused by the virus, Trump on June 22 ordered a ban on new green cards and work visas through the end of the year.

The freeze suspended a host of non-immigrant visa programs, among them the H-1B for high-skill specialty occupations. It has triggered a wave of lawsuits, including a broad challenge supported by 22 states and the District of Columbia.

Business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the National Retail Federation also want the restrictions overturned. The bid is also

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How One North Carolina Business Has Built Better Supply Chains In Times Of Change

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Business leaders who have gone through times of intense change and turmoil before already know that having a strong, guiding North Star is necessary to survive and, ultimately, thrive. Through pivots, customer and employee communications and considerations, and tough calls on the bottom line, companies with a clear mission and purpose as that guiding force have proven to be more resilient through downturns and crises.

Certified B Corporations are companies that have a verified positive impact on people and the planet. Many B Corps, which are held accountable by the nonprofit B Lab, have been exemplars of how to address crises with stakeholder considerations beyond their shareholders. For North Carolina-based B Corp TS Designs, the pandemic has provided what CEO and president Eric Henry calls “a second time at bat at building domestic, transparent, equitable supply chains.”

“I think COVID is

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Mastercard and Asian Development Bank build multi-stakeholder alliance for Asian supply chains

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Mastercard and its partners N-Frnds, SGeBIZ and Finastra have formed an alliance with the support of the Asian Development Bank (ADB) to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase wholesalers’ access to credit.

“These unprecedented times underscore the importance of building an inclusive, sustainable digital economy, including through the application of technology to digitize trade, which can make it easier for small and medium-sized businesses to participate in global supply chains,” commented Michael Froman, Vice-Chairman and President, Strategic Growth for Mastercard. “Innovative partnerships like this one can support the agility and resilience of supply chains, accelerating access to finance and improving efficiency.”

The global pandemic and accompanying economic impact have severely disrupted supply chains and trade networks, particularly for small and medium enterprises (SMEs) that account for 90% of all global businesses, employ about half of all workers

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