The disruption may cause price hikes, hurting the US economy in the near future, a supply chain expert warns.
At the height of the COVID-19 pandemic, supply chains became mainstream news when the Suez Canal was blocked by the Ever Given, and ports were clogged with countless vessels waiting to dock, resulting in the idling of 10% of the world’s container capacity. While most disruptions have dissipated, continued challenges led to the White House giving supply chains another bump in the news cycle with its inaugural meeting of the Council on Supply Chain Resilience.
From cancer care to communications, here’s where AI moved the needle in health care
As the FDA looks at whether a recent case of lead contamination in applesauce was economically motivated, a UCLA supply chain expert explains how to deter such suppliers.
As artificial intelligence technology advances, so do concerns about its misuse. In the lead-up to Florida’s 2024 legislative session, which begins Jan. 9, this is clear from the bills filed over the use of AI-manipulated media.
Ashley Smith
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The test for any breakthrough technology is often where you least expect it, but once it “conquers” that application, even more possibilities may emerge.
Inside Universities Love-Hate Relationship with ChatGPT
New findings from a team of renowned researchers calls for transparency and rigorous oversight of the U.S. Medicare Advantage (MA) program, the United States' largest healthcare capitation program.
Mpox is spreading across several African countries. The World Health Organization declared mpox a “public health emergency of international concern.” The Democratic Republic of Congo has been hardest hit, though Burundi has also seen a recent surge of cases. To date this year, 36,000 suspected cases have been reported, with more than one-half among children younger than 15 years old. In Burundi alone, two-thirds of the recent cases have been in those younger than 19.
Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.
The supply chain for many small parcel shipping companies is typically long. Products are often made in distant lands, travel on oceans and waterways, arrive at ports, are then transported to warehouses, from where a third-party logistics provider delivers the product to its intended destination. In a stable world, shippers and customers alike can expect a product to be delivered within the promised time window. However, in a world facing high levels of uncertainty caused by war, pandemic, political instability, raw material shortages, freak accidents (recall the regional and national impact of the bridge collapse in the Port of Baltimore caused by a container ship), and weather, the shipper must work overtime to ensure customer expectations are met at no additional cost, despite these uncertainties.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.
Florida lawmakers have banned wind turbines off its shores and near the coast, saying the bill is meant to protect wildlife and prevent noise.