Supply Chain & Information Management Academic Group

President Joe Biden has ordered the release of 1 million barrels of oil per day from the country's petroleum stockpile for the next six months to combat the nation's oil crisis as the Russian war in Ukraine marches toward its third month. But some, including two Northeastern professors, question whether Biden was right to do so.

If the COVID-19 pandemic showed businesses that depend on offshore production anything, it's that one stoppage along these vast delivery channels can propagate across the entire system, Nada Sanders, distinguished professor of supply-chain management at Northeastern, said in the annual Robert D. Klein Lecture on Tuesday.

Surging oil and gas prices will spill over into the supply chains for just about everything that has to be carted around the world, says Nada Sanders, university distinguished professor of supply-chain management at Northeastern. In the case of bananas—which have a “very long” footprint—the story is a complicated one.

As the Russian invasion of Ukraine extends into its fourth week, its effect on global supply chains—already beleaguered by the COVID-19 pandemic—is only just beginning. “This is going to have a significant impact,” says Nada Sanders, distinguished professor of supply-chain management at Northeastern. “I'm extremely concerned.”

Spencer Fung, who runs a Hong Kong-based supply-chain manager, spoke to Northeastern students about the future of the global supply chain as businesses contend with a host of disruptions—from the continued rise of e-commerce to the COVID-19 pandemic.

Supermarkets and food banks complement one another in the U.S. food supply chain, a Northeastern professor studying food waste says. By donating less-than-perfect fruits and vegetables to food banks, supermarkets replenish their shelves with higher-priced, higher-quality goods, thus boosting profits.

A record volume of import cargo is anticipated for the Port of Los Angeles this year, but relief for overburdened supply chains may be on the horizon. AP Photo/Damian Dovarganes

Self-scanners—like this one at an Amazon Go Grocery in Seattle—are part of a larger trend that is overhauling the U.S. job market. Photo by David Ryder/Getty Images

Supply-chain shortages will distress the global economy far beyond the holiday shopping season, says Nada Sanders, distinguished professor of supply chain management at Northeastern. Dominic Lipinski/PA Wire AP Images