It’s difficult to keep track of the impact of the Coronavirus, but we have gathered some resources that we think provide valuable information about it’s spread, impact on supply chains, and how companies can mitigate the effects of this global disruption.The Coronavirus and Its Impact on the Supply Chain - live map of the coronavirus' global impact, and how companies can reduce risk and build more resilient supply chains... Click To Tweet
Johns Hopkins Coronavirus Map
Sources of Information About the Coronavirus
Latest statistics and information on the Coronavirus outbreak.
Information on the Covid-19 outbreak and how the CDC is responding.
Information on the Coronavirus from the World Health Organization.
State Actions in the US
Business and Supply Chain Impact and Advice
MIT Professor Yossi Sheffi on some of the pending supply chain impacts to be expected resulting from the COVID-19 coronavirus outbreak. As Prof. Sheffi explains, this is not just a an issue of disruption in supply. The virus is impacting, and will continue to affect, demand, logistics capacity and supply. This will also have long term effects on companies decisions about manufacturing and sourcing.
Lora Cecere explains how supply chains can recover from the Covid-19 disruption. Companies need to adapt supply chains to the new reality, redefine demand, and think about demand as a time-phased forecast based on historic order consumption.
Joe Bellini explains how the Coronavirus is forcing us to understand the true nature of supply chains. While the forcing function is a terrible situation given its potential impact on human life, it is driving companies to fully understand all the connections and dependent variables across their supply networks. Prior to the current disruption there was embedded inertia across most industries where folks were willing to live with a little extra inventory, capacity, expediting, etc. rather than having to understand the nature of their supply network and the inherent risks at all tiers and echelons.
McKinsey & Co: The key to managing any crisis is preparation. Here are seven actions that you as a leader can take to ensure your organization is in the best shape possible to withstand what’s ahead.
Global Trade Mag: Hitendra Chaturvedi, a professor at the Supply Chain Department of W.P. Carey School of Business at Arizona State University, says there are lessons we can learn to be better prepared for another rare worldwide crisis.
In today’s world of interdependent businesses, it’s impossible for any major outbreak of disease to be confined within the borders of a single country. Although China has suffered the most from the coronavirus, the virus’s effects are already being felt throughout the world. On this episode, we speak with Brian Alster, general manager of third-party risk and compliance solutions with Dun & Bradstreet. He explains just how widespread the impact of the coronavirus has been to date, and how it might further disrupt supply chains.
Stat News: The sudden emergence and rapid spread of a novel coronavirus, now called Covid-19, is a reminder of the power of infectious diseases. It also offers insights into how innovation and technology are better equipping us to handle public health emergencies and contain the spread of diseases.
LA Times: Beyond short-term economic disruptions and increased recession worries, the spreading coronavirus is sowing the seeds of a broad transformation of the global supply chains that for years brought low consumer prices and high corporate profits on products such as cellphones, computers and household goods. China looks to be the biggest loser as U.S. producers step up plans to reduce their reliance on the world’s second-biggest economy
Lora Cecere on preparing supply chains for disruption. Today’s supply chain is global. Prior to 2020, supply chain leaders laughed when they said, “When local supply chains sneeze the global process catches a cold.” The severe contagious disease outbreak known as the 2019-nCov now makes this statement passe. The ripple effect is just beginning. Companies are not well prepared. Only one-third of companies have “what-if analysis” and teams capable of modeling the impact. Two-thirds of companies do not know the locations of second and third-tier suppliers. What to expect? Many, many surprises…
How to Protect Yourself from the Coronavirus