upcoming events

Mar 2020
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

US FIRMS REPORT SUPPLY CHAIN DISRUPTION AS CORONAVIRUS CONTINUES

2020-03-24 18:09:17

Share with friends

US FIRMS REPORT SUPPLY CHAIN DISRUPTION AS CORONAVIRUS CONTINUES

Image result for us firms report supply chain disruption as coronavirus continues

Three quarters of US companies polled in a recent survey say they are expecting supply chain disruptions in some shape or form due to the coronavirus (Covid-19) outbreak. 

 

 

The first round results are from a survey by the Institute for Supply Management (ISM) into the business and supply chain impacts of the coronavirus diseases 2019 which showed many companies are now factoring in the potential impact of the outbreak into their financial results. 

 

 

One in six companies surveyed is adjusting revenue targets downward an average of 5.6% due to the virus.

 

 

 

75% of survey respondents report supply chain disruptions in some capacity due to coronavirus- related transportation restrictions, while 80% believe their organization will experience some impact by disruptions from the outbreak.

 

 

“The story the data tells is that companies are faced with a lengthy recovery to normal operations in the wake of the virus outbreak,” syas Thomas Derry, CEO of ISM. “For a majority of US businesses, lead time have doubled, and that shortage is compounded by the shortage of air and ocean freight options to move product to the United States-- even if they can get orders filled”

 

 

The survey was conducted between 22 February and 5 March and features 628 respondents that largely represent US manufacturing (52%) and non- manufacturing (48%) organizations

 

 

 

Primary reported supply chain impacts include the following:

 

57 percent noted longer lead times for tier-1 China-sourced components, with average lead times more than doubling compared to the end of 2019.

 

Manufacturers in China report operating at 50 percent capacity with 56 percent of normal staff.

 

More than 44 percent of respondents do not have a plan in place to address supply disruption from China. Of those, a majority (23 percent of respondents) report current disruptions.

 

Of the companies expecting supply chain impacts, the severity anticipated increases after the first quarter of 2020.

 

Six in 10 (62%) respondents are experiencing delays in receiving orders from China.

 

More than half (53%) are having difficulty getting supply chain information from China.

 

Nearly one-half are experiencing delays moving goods within China (48%).

 

Almost one-half (46%) report delays loading goods at Chinese ports.

 

“We’re seeing that organizations who diversified their supplier base after experiencing tariff impacts, are potentially more equipped to address the effects of Covid-19 on their supply chains.” adds Derry.