News Room

To understand what’s happening in today’s global economy, one UMass economist said it’s helpful to picture it as a grid filled with connected nodes. When one of those nodes — manufacturing, distribution, shipping, you name it — is disrupted, the impact is felt by everyone. These days, those disruptions are occurring across the supply chain, and for many different reasons, causing costs to soar — both for businesses and their customers. It’s a major concern with no simple solution, and some worry that rising prices may derail what is otherwise looking like an economy in recovery.

The pandemic is not over. Sheldon Jacobson offers late data insights on the pandemic plaguing the United States and abroad.

COVID-19 skepticism and vaccine mistrust are ubiquitous. The number of people receiving vaccines each day has dropped to well under 2 million doses from a peak of over 3 million doses in mid-April. As such, the nation is approaching a vaccination wall that will prevent it from reaching the zone of herd immunity, believed to be between 70 to 90 percent of the population protected. The recent announcement by the Centers for Disease Control and Prevention (CDC) that fully vaccinated people can return to pre-pandemic activities without face coverings and social distancing may provide new incentives to get vaccinated. 

Anytime an executive order of any kind is brought to the table, one would think that only good can come from such efforts. However, a review of this magnitude could also potentially uncover the gaps in our nation’s supply chains.

One of our recent Two Minute Warnings raised an important question for C-Level executives: “How serious are you about addressing your transportation and supply chain issues?”