David Correll, Principal Investigator for the State of Supply Chain Sustainability, was recently featured in The Wall Street Journal showcasing the work and findings of this year's report—namely, that pressure on firms to strengthen their supply chain sustainability efforts has been sustained and increasing ove
It's a paradox: You won't know if or how an investment in supply chain resilience pays off until you actually have to use it—which, ideally, you won't.
The major disruptions of the last few years have made supply chain resilience top of mind of many companies. But because resilience is so hard to measure, it's very difficult to know how much to invest in it.
CTL Executive Director Chris Caplice spoke to Vox's Recode for their article "8 experts diagnose the supply chain". In his view, it was never really broken. "Supply chains just adjust, but they were hit with a global pandemic," he said. "You saw all the warts and everything, but it kept working."
Caplice went on to explain further.
TROY, Mich.: 4 Oct. 2022 — As the automotive industry methodically advances toward greater vehicle automation, consumer readiness for higher levels of automation remains low—even declining slightly from 2021—making it challenging to bring vehicle buyers into the modern mobility movement. According to the J.D. Power 2022 U.S.
Since 2015, the MIT AgeLab has awarded scholarships to high school students who developed intergenerational programs — initiatives that bring together younger and older people for knowledge-sharing and social connection — in their communities. On Sept. 9, five $5,000 OMEGA scholarships were given to high school students across the United States, supported by the sponsorship of AlerisLife, a senior living and rehabilitation and wellness services company headquartered in Newton, Massachusetts, and AARP.
According to the United Nations Environment Programme, as much as a third of all fresh food produced is lost or wasted before it reaches our tables. The World Union of Wholesale Markets Conference in Abu Dhabi this October aims to "opportunity to reshape global food systems," say the event organizers.
When FedEx told CNBC that their current dip in shipping volume is a starting sign of a looming global recession, shipping company stock prices dropped. MIT Megacity Logistics Lab Director Matthias Winkenbach says that this may be a wake up call to FedEx and other shipping and logistics companies to change how they approach necessary innovations.
In the face of supply chain disruptions, such as Covid-19, the Ukraine War, and high inflation, MIT LIFTLab and MIT Sustainable Supply Chain Lab director Josué Velázquez Martínez says that there is a silver lining: organizations are learning that supply chains have tangible vulnerabilities to focus on, and that they need to focus on building resilience.
In an article for Forbes, MIT AgeLab Director Joseph Coughlin describes the clear difference in loneliness reported for retired men and women, as well as the many negative health impacts of being lonely. Longevity planning is about living well in later life, not just financial planning. Without rich social connections, health, even coupled with ample wealth, might still result in unhappiness in older age. It appears that men, in particular, must work harder than most women to invest and build their social portfolio.
Increasing strain on supply chain workers, lower wages, and inflation, among other factors, are leading to strikes across the world that heavily impact many different supply chains. MIT FreightLab Co-Director David Correll, whose research focuses on the working experiences of the American long-haul truck driver, was asked for comment for a piece about labor disruptions along supply chains.
The Wall Street Journal asked CTL's Katie Date about a recent study which found that women perform more efficiently than men in logistics planning. Date, who heads MIT's Women in Supply Chain Initiative, points out that while the University of Akron and University of Arkansas researchers' study was based on a simulation, diversifying supply chain operations could provide great benefits for companies.
Consumers have gotten used to fast shipping times, but at a considerable environmental cost. How can companies to persuade buyers to wait longer for packages without alienating them—and to lower companies’ delivery costs and carbon footprints at the same time?
In The Wall Street Journal, MIT CTL's Josué Velázquez Martínez and Ken Cottrill write that the right messaging and approach to sustainability can make a big difference.
MIT AgeLab Director Joseph Coughlin discusses how climate change will impact much of the retiring population. Is your retirement plan accounting for dangerous increases in extreme weather?
Many older adults are living in regions where there is an increasing number and growing intensity of extreme weather events...—all of which introduce a variety of costs in retirement.Older adults are more vulnerable in weather-related disasters—their most obvious vulnerability being age-related health and disability conditions.
Is globalization in terminal decline, or will it survive or even thrive in some other form? CTL Director Yossi Sheffi discusses the inequalities, and consequences, that globalization has had on many companies and even nations.
CTL Director Yossi Sheffi's recent book, A Shot in the Arm: How Science, Engineering, and Supply Chains Converged to Vaccinate the World, was featured in MIT News' summer 2022 recommended reading list.
The digital transformation of businesses is creating new products, processes, and services. But to provide these new offerings, companies must share information and assets with each other in ways that were previously off-limits. For example, digitized services may require competitors to share physical assets such as warehouse space.
Digital twins (DTs)—living digital replicas of physical entities—are used widely in manufacturing to mimic and improve real-world processes and systems. However, there are far fewer applications of the technology in supply chain management. DTs could deliver similar benefits in supply chains if it were not for certain misconceptions that prevent companies from unlocking the technology’s huge potential.
Toronto: 15 June 2022
