to treat patients, while his company has struggled to sort out basic supply-chain logistics such as how to get raw materials, and who he'll sell his products to.
The problem manufacturers like Waxman face is the lack of a centralized command-and-control structure in the US for these crises, according to Nick Vyas, an expert in supply chain management and a professor at the University of Southern California. That means that companies have been forced to decide who to sell to — either selling to the highest bidder, or, in some cases, trying to determine on their own who needs the goods the most.
Vyas said companies like American Roots and Flowfold are handling the situation exactly right, and companies in similar dilemmas should firstly ensure their products are built up to health and safety standards. Then, they should try to focus on local markets so they don't have to worry about complex transportation and supply-chain logistics.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dior reopened its factory so volunteer artisans can start making hand-sewn masks - Business InsiderThe Baby Dior workshop in Redon reopened on Tuesday. Volunteers are working to create masks for those 'on the front line' of the coronavirus crisis. Good morning! Would these masks actually work, I wonder?
Source: BusinessInsider - 🏆 729. / 51 Read more »
As China factories reopen, supply chains still mired in uncertainty - Business InsiderTech companies have seen their production facilities in China reopen, but the persistence of broader supply chain uncertainty will slow their return. Oh I see, we’re gonna start calling them “China Factories” just because they originated in China? racist doublestandard
Source: BusinessInsider - 🏆 729. / 51 Read more »
Local governments may start restricting the in-store sale of nonessential items - Business InsiderVermont is restricting the in-store sale of nonessential items, which could hurt retailers' sales while popularizing omnichannel fulfillment options.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus: UK government believed COVID-19 only a 'moderate' risk - Business InsiderBoris Johnson's government failed to impose mass coronavirus testing after being told that COVID-19 was only a 'moderate' risk to the UK AdamBienkov AdamBienkov AdamBienkov Oh, curse those naughty scientists, telling politicians the opposite to what they wanted to hear, and insisting that they should do no testing, PPE-purchasing or preparations of any kind. hangallscientists!
Source: BusinessInsider - 🏆 729. / 51 Read more »