6 steps to handle supply chain disruption

March 17, 2020 • Quoted In

But it is inaccurate to compare the coronavirus to these other events, said MIT professor Yossi Sheffi, director of the MIT Center for Transportation and Logistics, during a March 16 webinar. COVID-19 is affecting both supply and demand. And today China, where the pandemic started and factories have been affected for weeks, plays a much bigger part in the global economy than it did during past disasters.

Commentary: It’s Not Premature to Set Supply Chains for a Coronavirus Recovery

March 15, 2020 • Articles

As countries shut down, stock markets crumble and economic activity slows to a crawl, it is hard to believe that in a few months the coronavirus crisis may be over. Bigger, well-capitalized companies have the financial strength to withstand the rapidly developing downturn, but most other companies are in tougher situations and survival for many will come into question. However, it is not too early for companies to think about how to position themselves for a successful, speedy recovery.

Wall Street’s Most Volatile Week Ever

March 15, 2020 • Quoted In

Yossi Sheffi discusses how Coronavirus takes its toll on supply chains. He speaks on Bloomberg's podcast "What’d You Miss This Week", which goes through a financial market week for the history books. He goes through how to expand the U.S. health care system’s capacity and how necessary activities like grocery shopping can be done more safely amid the outbreak.

MIT Prof.: Coronavirus Will Hit Economy 'Like a Bullwhip'

March 12, 2020 • Quoted In

Now that many employers, schools, and governments are instituting "social distancing" to try and slow the spread of the coronavirus, the disruption to supply chains is likely to get much worse before it gets better, said Yossi Sheffi, director of the MIT Center for Transportation & Logistics. The initial impact of the outbreak on businesses, he said, seemed to be limited to the supply side: factories shut down, manufacturers couldn't get parts, there weren't enough boats and planes to move products around the globe. Now, it's also a demand problem.

A Coronavirus (COVID-19) Briefing with MIT

March 11, 2020 • Articles

The MIT Industrial Liaison Program hosted a special live webinar highlighting the impacts of COVID-19 on business. The webinar consists of three sections where professors Yossi Sheffi, Alex Pentland, and Andrew Lo gave presentations on resilience, organization management, and finance, respectively.

Responses to Coronavirus Part Two — Gaps in Our Defenses

March 06, 2020 • Articles

As the coronavirus continues to spread and the number of infections surpasses 100,000 worldwide, the MIT Center for Transportation and Logistics (MIT CTL) took another look at how companies are responding. The research follows an online survey we conducted in January of this year when the epidemic had just erupted.

Resilience and preparedness for Supply Chain

March 05, 2020 • Articles

Alexis Bateman interviews Yossi Sheffi on resilience and preparedness for Supply Chain Dynamics - SC3x.

Chinese port calls trend toward normalcy

March 04, 2020 • Quoted In

Manufacturers in the U.S. have also cited delays, longer lead times, lack of supplier visibility and difficulty sourcing parts as a result of the outbreak. But factories on in North America could see a bigger impact in one to three weeks, according to Yossi Sheffi, director of the Massachusetts Institute of Technology's Center for Transportation and Logistics.

"It takes about six weeks on the ocean to get to the United States," Sheffi said in an interview with Supply Chain Dive. "So the reduction in shipment from Chinese factories is just getting ready to hit the U.S."

Prepare Your Supply Chain for Coronavirus

February 27, 2020 • Articles

Jim Rice writes in Harvard Business Review: Developing a cogent supply chain response to the coronavirus outbreak is extremely challenging, given the scale of the crisis and the rate at which it is evolving. The best response, of course, is to be ready before such a crisis hits, since options become more limited when disruption is in full swing. However, there are measures that can be taken now even if you’re not fully prepared.

Threat to global supply chains posed by the coronavirus outbreak

February 27, 2020 • Quoted In

Yossi Sheffi discusses the threat to global supply chains posed by the coronavirus outbreak. He speaks with Bloomberg's Scarlet Fu and Joe Weisenthal on "Bloomberg Markets: What'd You Miss?"

Commentary: Supply-Chain Risks From the Coronavirus Demand Immediate Action

February 18, 2020 • Articles

Yossi Sheffi writes in The Wall Street Journal: As scientists race to develop a cure for the coronavirus, businesses are trying to assess the impact of the outbreak on their own enterprises. Just as scientists are confronting an unknown enemy, corporate executives are largely working blind because the coronavirus could cause supply-chain disruptions that are unlike anything we have seen in the past 70 years.

How the Coronavirus can Affect Global Supply and Demand

February 14, 2020 • Quoted In

Yossi Sheffi, director of MIT Center for Transportation and Logistics, joins “Squawk Alley” to discuss how the coronavirus outbreak could hurt global business.

Yossi first published a survey asking his network to share their strategy for the coronavirus outbreak, on January 31st. Since then the number of affected has increased eight-fold. Today Yossi spoke briefly with CNBC about the supply chain effects this is having and could have. We continue to monitor this disruption and would like to know how you are changing your strategy today as it develops. 

Early Responses to the Coronavirus Crisis

January 31, 2020 • MIT CTL Thought Leadership

It is widely expected that the year 2020 — and the new decade it heralds — is going to bring dramatic changes to global supply chains and that China will be a leading actor in this ongoing drama. But no one foresaw China’s role as the epicenter of a coronavirus outbreak that could have a crippling effect on the global economy. The crisis could also have far-reaching consequences for China and its role in the world.

Strengthening Post-Hurricane Supply Chain Resilience

January 09, 2020 • Press Releases

Resilient supply chains are crucial to maintaining the consistent delivery of goods and services to the American people. The modern economy has made supply chains more interconnected than ever, while also expanding both their range and fragility. In the third quarter of 2017, Hurricanes Harvey, Irma and Maria revealed some significant vulnerabilities in the national and regional supply chains of Texas, Florida, the U.S. Virgin Islands, and Puerto Rico.

MIT education leaders honored with QS Reimagine Education Awards

December 20, 2019 • Articles
Education leaders at MIT have received a pair of Silver Awards and a Bronze Award at the QS Reimagine Education Awards, an international conference on education held annually in December. Chris Caplice (left), director of the MicroMasters Program in Supply Chain Management, and Mary Elle

Factory-Built Houses an Undervalued and Underused Solution for America’s Disaster and Affordable Housing Crisis

October 29, 2019 • Press Releases

Report details urgent need to reform policies on factory-built housing

Constructing factory-built houses could provide a fast, relatively cheap solution to the critical challenges of disaster and affordable housing in the US, but regulatory and funding issues severely limit its deployment according to a report titled Disaster Housing Construction Challenges in America from the MIT Humanitarian Supply Chain Lab.

State of Supply Chain Sustainability Report

October 08, 2019 • Press Releases
The MIT Center for Transportation & Logistics and the Council of Supply Chain Management Professionals (CSCMP) have teamed up to launch the annual State of Sustainable Supply Chains Report that will help companies gain a better understanding of the importance of supply chain sustainability to their enterprises, industries, and the planet. Full report will be released July 1st, 2020.

MIT expands global supply chain research with the opening of new facilities in Ningbo, China

September 27, 2019 • Press Releases
Incoming director Jay Guo commits to educating individuals and supporting industry at the Supply Chain Innovation Institute The Ningbo Supply Chain Innovation Institute China (NSCIIC) has strengthened its role as China's premier center for supply chain research and education with the appointment of Dr. Jiequn “Jay” Guo as center director and the opening of new facilities at its Meishan campus near the port of Ningbo, Zhejiang, China.

Uninfected patients key to improving Ebola response

September 16, 2019 • Articles
A new methodology developed by the Humanitarian Supply Chain Lab may be used to respond to other endemic diseases. Research on the logistics of responding to Ebola outbreaks has revealed that an often-overlooked, but critical, factor in resource deployment to treat victims of the disease is how many of the people in treatment centers are Ebola-negative.

Chris Caplice appointed MIT senior research scientist

August 30, 2019 • Press Releases
Chris Caplice PhD ’96, executive director of the MIT Center for Transportation and Logistics, has been appointed MIT senior research scientist for his long-term commitment to research and education in supply chain management. Over the past two decades, Caplice has developed and deployed theoretical models and educational innovations that have had a global impact on supply chain practice and education. In 2016, Caplice was named a Silver Family Research Fellow and became the only non-faculty member at MIT to receive an endowed chair.

Removing Mini-Shampoos from Hotel Rooms Won't Save the Environment

August 23, 2019 • Articles
InterContinental Hotels Group will replace mini-shampoos and conditioners with possibly more efficient bulk products by the year 2021. But environmental activists shouldn’t rejoice just yet. The announcement is yet another example – such as banning plastic straws, false sustainability claims and corporate commitments that are far in the future – that seem to be more of a PR exercise than real attempts to move the needle.

MIT's Hybrid Engine Could Electrify Long-Haul Trucking

August 21, 2019 • MIT CTL Thought Leadership
Battery-powered heavy-duty trucks emit lower volumes of greenhouse gases and polluting particulates than conventional diesel-powered trucks, but they must haul weighty battery units that reduce their revenue-earning payloads. Researchers at MIT’s Energy Initiative and Plasma Fusion and Science Center (PFSC) have developed a possible solution: a plug-in hybrid engine system that transitions big long haul rigs to electric power. In addition to overcoming the weight penalty of all-battery power, the concept engine is significantly cheaper than diesel units and performs just as well in most operating conditions.

What Supply Chain Transparency Really Means

August 20, 2019 • Articles
The concept of supply chain transparency was virtually unknown 15 years ago, yet today it commands the attention of mid- and senior-level managers across a broad spectrum of companies and industries. The reasons for this increased interest are clear: Companies are under pressure from governments, consumers, NGOs, and other stakeholders to divulge more information about their supply chains, and the reputational cost of failing to meet these demands can be high.

An Alternative Route to a Fuel-Efficient Last Mile

August 08, 2019 • MIT CTL Thought Leadership
The recent announcement by UPS that it will start delivering packages on Sundays next year is another sign of the inexorable growth of e-commerce — and the number of delivery trucks on the roads. More vehicles equal more fuel consumed and more CO2 emitted, increasing the pressure on companies to invest in fuel efficiency technology.

Arizona State offers Masters in SCM that builds on the MIT CTL MicroMasters

July 25, 2019 • Articles
What could be better than a graduate level education from one of the country’s best supply chain management programs? How about a graduate degree with training from two of the country’s best supply chain management programs. In some respects, that’s the rationale behind a 100% online Master’s program offered on the edX platform that was recently announced by MIT and Arizona State University, ranked numbers 2 and 3 on U.S. News & World Report’s annual ranking of graduate supply chain management programs.