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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.
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
Photo by Matthew Modoono/Northeastern University
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
If COVID-19 continues to surge in India, businesses and economies globally could see ripple effects soon.
Nada Sanders discusses the unprecedented logistical challenges for businesses in the COVID-19 era and the profound ways the pandemic will change how goods and services get where they need to go.
The semiconductor chip shortage may be a big push toward reassessing global supply chains and innovating chip technology.