Risk/Resilience: Page 2

Redundancies, hurricane prep keeping healthcare company Baxter in stock despite COVID-19

The company is constantly monitoring the supply and the demand side to thoroughly understand supplier capacity and prevent hoarding by hospitals, said CEO Joe Almeida. 

By Emma Cosgrove • March 19, 2020

European, US manufacturers shut down as China comes back online

Factory shutdowns will quickly ripple through the supply chain to impact the suppliers, logistics partners and other businesses that work with manufacturers on a regular basis. 

By Matt Leonard • UPDATED: March 24, 2020 at 11 a.m.

53% of US manufacturers expect operational impact from coronavirus: survey

Operational changes include the implementation of business continuity plans involving workplace sanitation, limiting in-person interaction and managing shifts to account for an uptick in worker absences, according to The National Association of Manufacturers.

By Matt Leonard • March 17, 2020

PwC: Coronavirus is moving supply chain into the board room

In a survey conducted last week, 90% of 50 the CFOs said if the coronavirus outbreak disappeared today, it would take their companies three months or less to regain normal function.

By Emma Cosgrove • March 17, 2020

Trucking demand surges as retailers restock

Analysts said demand spikes and spot rate increases are "directly attributable" to the COVID-19 outbreak as retailers attempt to restock depleted stores. 

By Matt Leonard • March 17, 2020

IGA looks to China operations for coronavirus guidance

Chinese supermarkets stretched to the limit by the crisis offer a glimpse of the challenges and solutions that grocers in the U.S. face.

By Sam Silverstein • March 16, 2020

CDC chief: Certain materials critical to coronavirus tests​ 'now are in short supply'

Separately, the government announced funding for development of COVID-19 diagnostic tests meant to detect the pathogen in about an hour. 

By Greg Slabodkin • March 13, 2020

62% of procurement, supply chain managers experiencing supplier delays from China

Companies that shifted sourcing to countries outside of China, such as Vietnam, could be better positioned to weather coronavirus-related disruptions, according to the Institute for Supply Management.

By Morgan Forde • March 12, 2020

Airfreight rates from China to US climb 27% in 2 weeks as demand surpasses capacity

Flight cancellations out of China have removed 5,100 tons of capacity from China per day on average, which has led to a 36% year-over-year decline in total airfreight capacity out of mainland China.

By Matt Leonard • March 12, 2020

EU travel restrictions to decrease transatlantic air cargo capacity

Though cargo-only flights are not restricted, removing belly cargo space from commercial flights will take a significant bite of out of market capacity on the affected routes. 

By Emma Cosgrove • March 12, 2020

3 ways to manage coronavirus risk in the supply chain

Even as China operations come back online, the risk to global supply chains is far from over, panelists said at Modex as they offered tips to mitigate challenges.

By Shefali Kapadia • March 11, 2020

Union Pacific to tackle emissions reduction with science-based targets

Railroads are one of the lowest-emissions freight modes available, but a longstanding close relationship with the coal industry complicates their record on climate issues. 

By Emma Cosgrove • March 11, 2020

44% of supply chain pros have no plan for China supply disruption

There are signs companies are struggling with visibility and shipping out of China, but there is no indication this has resulted in U.S. factories shuttering, even temporarily.

By Matt Leonard • March 11, 2020

Goldman: Coronavirus could reduce profits 3.6% for manufacturers

The estimate was based on an average production utilization rate of 50% for the month of February and a 30% reduction in Chinese demand over the next six months.

By Matt Leonard • March 10, 2020

Coronavirus adds hurdle for air cargo industry saddled with demand slump

Airfreight demand was down YoY for 2019 and the full impact of the COVID-19 outbreak won't show up until the February numbers are released next month, according to the International Air Transport Association.

By Matt Leonard • March 09, 2020

Nike, retail groups respond to report documenting forced Uighur labor in supply chains

A joint statement from four leading retail industry groups called on the U.S. government to form a multi-stakeholder working group to find solutions. 

By Emma Cosgrove • UPDATED: March 12, 2020 at 10:30 a.m.

Logistics Manager's Index reaches historic low

The sector remains in growth territory, but at the slowest rate recorded since 2016. Can it wait out slowdowns from the coronavirus outbreak?

By Morgan Forde • March 05, 2020

Chinese port calls trend toward normalcy

Figures from Clarksons Platou Securities, a maritime brokerage, suggest port calls have already surpassed 2019 levels.

By Matt Leonard • March 04, 2020

US manufacturing hit by coronavirus but maintains growth

Although the purchasing managers index found the manufacturing sector just within growth territory, coronavirus-related complications are causing supply delays and longer lead times.

By Morgan Forde • March 03, 2020

Do more robots mean a safer warehouse?

Fulfillment robotics pledge to make workers' jobs easier, but whether those jobs are safer is open for debate — even among those making and selling the technology.

By Emma Cosgrove • March 03, 2020

Levi's CEO: Reducing China operations during trade war mitigating coronavirus impact

The company is also keeping an eye on the virus' spread to Europe where it could affect another key segment of its production and supply base.

By Morgan Forde • March 03, 2020

Blank sailings, demand drop could cost carriers a combined $1.9B

More blank sailings have been announced, but the pace has slowed and experts are optimistic.

By Matt Leonard • March 03, 2020

High fuel costs, overcapacity and contract delays threaten ocean shipping in 2020: report

Shippers have some leverage to push for pricing transparency, but many carriers' ability to survive current fuel prices and freight demand will depend on whether they can successfully implement price increases.

By Morgan Forde • March 02, 2020

China manufacturing index dips below recession levels amid coronavirus response

Though demand weakened in February, the Caixin index showed new export orders were nowhere near the lows recorded in 2008 and factories have much to do when they resume function.

By Emma Cosgrove • March 02, 2020

FDA reports first drug shortage due to coronavirus impact

Supplies of the drug, which the FDA did not identify, ran short as a result of issues at a site that produces the active ingredient. Other options are available, the agency said.

By Ned Pagliarulo • Feb. 28, 2020