COVID-19

Yossi Sheffi, director of the MIT Center for Transportation and Logistics (MIT CTL), discusses the threat to global supply chains posed by the coronavirus outbreak. He speaks with Bloomberg's Scarlet Fu and Joe Weisenthal. 

This episode centers on the coronavirus (COVID-19) and how the outbreak which originated in Wuhan, China in December 2019 is impacting global freight transportation. Host Chris Caplice sits down with Yossi Sheffi, MIT professor and Chris’ boss at the MIT Center for Transportation & Logistics, to discuss how the coronavirus differs from past crises and how the bullwhip effect will likely play out in this scenario.

"While it is still too early just how big an impact the coronavirus will have on either the global economy or individual companies, it is already clear that it will not be negligible. Supply chains are already being disrupted. Consumer activity in China is already slowing. And Apple is not the only company that is going to feel the impact. "

MIT’s Yossi Sheffi writes that the unknown potential impact of the virus shouldn’t stop companies from acting quickly to minimize short- and long-term impact on their operations. 

Yossi Sheffi, director of MIT’s supply chain management program, joins CNBC to discuss how the coronavirus outbreak could hurt global business.