Supply Chains

The CBA said that the objective of the CISCC is to advance uniform national policies that will strengthen United States supply chains and also ensure the timely flow of critical goods in various ways.

The push is on to bring supply chains back to the U.S. But, are we ready to contend with the unattended consequences?

As part of IBM’s approach to combating COVID-19 with technology solutions that enable more trustworthy information, accelerated discovery, resiliency and adaptation, the company today announced IBM Rapid Supplier Connect, a blockchain-based network designed to help government agencies and healthcare organizations identify new, non-traditional suppliers who have pivoted to address the shortage of equipment, devices and supplies needed for COVID-19 relief efforts.

For product safety, supply chain leaders should consider using sensors on products and trailers to keep products safe.

The report’s first quarter National Shipment Index—at 124.3 (2011=110.1) dropped 1.8% compared to the fourth quarter and was up 3.8% annually. First quarter spend—at 188.1 (2011=110.1)—fell 3.7% compared to the fourth quarter, following a 4% sequential decline from the third quarter to the fourth quarter of 2019, and it was down 2.5% annually.

As people hunker down in their homes to isolate themselves from the COVID-19 pandemic, an army of dedicated professionals keeps the country’s food supply chains humming under trying conditions. The army is made up of distributors’ employees, fulfillment center personnel, logistics planners, pallet manufacturing crews, procurement professionals, transportation brokers, truck drivers, truck stop attendants, warehouse workers, wholesalers, and countless other specialists.

The maritime industry has been deeply affected as a result of the upheaval caused by the coronavirus and its impacts to Chinese manufacturing and logistics services.

Earnings per share, at $1.41, fell short of Wall Street expectations of $1.43, and revenue, at $17.5 billion, was up 1% annually. Net income, at $315 million, dropped 57% for the same period, and quarterly operating income, at $411 million, was down 55%.

A survey issued by the Tempe, Ariz.-based Institute for Supply Management (ISM) took a deep dive into how supply chains dealing with coronavirus, as it continues to wreak havoc on their supply chain operations.