Risk and Resilience

There have been numerous stories in recent days about problems with the supply chain as the economy starts back up after last year's unprecedented shutdowns. Everything is connected and a hiccup here or there can cause delays and price increases for you and me.

The online Symposium will feature weekly themes including Future of Work, Digitalization Trends, Security, Privacy & Data, New Technologies, Economic Impact of Technology, and Enterprise Culture & Leadership. Attendees will learn how to leverage these insightful technologies to create nimble organizations in light of COVID-19.  Panel discussions will be led by CIOs and MIT thought leaders, including Dr. Yossi Sheffi, Keri Pearlson, Irving Wladawsky-Berger, and George Westerman.

Whether it’s appliances, groceries, electronics, toys, or hardware supplies, most retailers have been affected in some way by COVID-19′s disruption to the global supply chain... Dr. Yossi Sheffi, an MIT professor who specializes in supply chain management, said reduced air travel is going to impact items imported from overseas, like iPhones and computer chips.

In this episode of The Rebound, Yossi Sheffi shares insights into how leading companies are adapting to COVID from his latest book.

What if supply chains performed exactly as designed? The problem was a breakdown of supply chains. Rather, that we had the wrong design for the current circumstances. Perhaps what we need is a new, resilient design, one that can respond to disruptions today and in the future.

Driven by the chaos of the coronavirus pandemic, companies have created “corporate immune systems” to recognize and manage large-scale disruptions quickly, according to a new book from Yossi Sheffi, a supply chain professor at the Massachusetts Institute of technology (MIT).

Bloomberg Baystate Business for Wednesday August 26th, 2020. Hear from Professor Yossi Sheffi, director of the MIT Center for Transportation & Logistics, on global supply chain concerns, as well as other professionals on various current business topics. 

This interview is featured in the Supply Chain and Logistics section of EPCA Q2 Newsletter.

Companies like Tyson and Smithfield Foods warn of a "breaking" supply chain "perilously close to the edge", but experts say there's plenty of meat.

The viral infection (COVID-19) and subsequent closures are straining the supply of meat to market. Beef production is down 25% and pork has declined 15% from a year ago, according to figures from the U.S. Department of Agriculture.

Why shoppers don’t need to panic-buy at the supermarket.... As the pandemic began, Americans lined up by the hundreds to panic buy staples like 20-pound bags of rice and peanut butter at Costco. Shelf-stable, freeze-dried provisions normally marketed to campers and doomsday survivalists flew off the shelves at outdoor companies.