Experts from Carey Business School share insights on how COVID-19 is weighing on the global economy and how retailers can become more resilient by diversifying supply chains.
In a breakthrough study, researchers have found that higher continuity of care, meaning a care team cooperatively involved in ongoing healthcare, is better for health outcomes.
National banks run stress tests to predict how they’ll perform in a financial catastrophe.
The “supply chain” has no such preliminary measurement. It takes a natural disaster or a pandemic to experience how strong the system is that gets consumers the things they consume.
The much talked about phenomenon of "Monday Blues" that ensues after a comfortable weekend, might actually be a legitimate thing, as indicated by a new study. The research from the Lehigh University's College of Business which was published in the journal - Information Systems Research found that the 'Monday Effect' - that letdown of returning to work after a weekend, which is documented to impact finance, productivity and psychology - also negatively affects supply chains. After the study, researchers found that process interruption that occurs when operations are shut down over the weekend, along with human factors like the 'Monday blues,' hurt supply chain performance on Mondays. That means a longer time between when a purchase order is received and when it is shipped, as well as more errors in order fulfilment. Weekends create bottlenecks at distribution centres that are tackled on Mondays as orders are processed, picked, staged and shipped to customers. Humans completing processing activities are impacted by adjusting to returning to work, more prone to errors and less efficient. Strategies for combating the 'Monday effect' include increased staffing on Mondays (or any day returning from a break, including holidays), fewer Monday meetings and non-fulfilment activities, better training, additional pay or mood-lifters such as free coffee or motivational talks, and double-checking Monday work.
In the process of creating stuff people want to buy, businesses also create a vast medley of byproducts and aftereffects that are decidedly less good. They add to what feels like a pretty depressing state of affairs: the climate crisis is reaching intimidating, unprecedented heights, millions of people suffer daily from environmental health risks around the world, mental health issues are driving a steady uptick in suicide rates, obesity is on the rise, inhumane working conditionshave been normalized for a nontrivial portion of the population, and so on.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
An audio journey of how data and analytics save lives, save money and solve problems.
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Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.
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