{"id":2919,"date":"2020-06-04T16:05:43","date_gmt":"2020-06-04T21:05:43","guid":{"rendered":"https:\/\/www.mhisolutionsmag.com\/?p=2919"},"modified":"2020-12-11T15:05:17","modified_gmt":"2020-12-11T21:05:17","slug":"wash-your-hands-and-brush-up-your-cyber-hygiene","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2020\/06\/04\/wash-your-hands-and-brush-up-your-cyber-hygiene\/","title":{"rendered":"Wash Your Hands and Brush Up Your (Cyber) Hygiene"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

How to mitigate supply chain disruption with technology in the age of COVID-19.<\/strong><\/p>\n\n\n\n

By Nicole Nelson<\/strong><\/em><\/p>\n\n\n\n

Once upon a time\u2014yet merely weeks ago\u2014chasing technological trends and making investments in innovation were considered discretionary to attaining a competitive edge in business.<\/p>\n\n\n\n

How times have changed\u2014in rapid fashion, no less. In a matter of days, once elective technology practices are seemingly trending to be more and more compulsory to attain viability in light of the novel coronavirus and its far-reaching impacts.<\/p>\n\n\n\n

\u201cSuch investments may now become necessities for businesses to survive in a new world\u2014not necessarily the world we are familiar with or like, but the world we will be having,\u201d said Dr. Tinglong Dai, associate professor of operations management and business analytics at Johns Hopkins University\u2019s Carey Business School.<\/p>\n\n\n\n

In the era of the COVID-19 pandemic, Dai said now is the time for firms to start redefining their physical and virtual infrastructures to fit into a world that is less dominated by narratives such as globalization and political stability.<\/p>\n\n\n\n

Dai acknowledges big data and artificial intelligence as integral parts of the supply chain risk management vehicle.<\/p>\n\n\n\n

\u201cThe field has always been rich in data, but has only become rich in data-driven decision-making in recent years,\u201d Dai said. \u201cThese innovations provide more targeted, flexible and responsive solutions in an increasingly competitive marketplace.<\/p>\n\n\n\n

\u201cAnticipating what is next is crucial for firms in this dynamic decision-making environment.\u201d<\/p>\n\n\n\n

In the case of a global supply chain, firms have been monitoring disruptions happening to their overseas and domestic suppliers and forecasting development of the COVID-19 pandemic near their suppliers. Equally importantly, they have been monitoring demand shocks and understanding consumer behavior in the age of coronavirus. Increasingly, lockdowns around the globe have posed a major challenge to firms\u203a logistics and limit how fast they can respond to disruptions; firms have to use more inventory or longer lead-times to buffer lack of mobility.<\/p>\n\n\n\n

\u201cThe ongoing mitigation of supply chain disruption needs to be guided by the development of the COVID-19 pandemic, which has been watched closely in a fine-grained level,\u201d Dai said. \u201cI cannot think of any unfolding, worldwide epidemic of this scale that was being watched as closely by a global audience. We have incredibly detailed data and a diverse range of modeling efforts and expert opinions. Technology, especially big data and artificial intelligence, is crucial in reconciling various sources of data, models and views in supporting business decisions in response to disruptions and in anticipation to future developments in such a fluid situation.\u201d<\/p>\n\n\n\n

Read More\u2026<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

How to mitigate supply chain disruption with technology in the age of COVID-19.<\/p>\n","protected":false},"author":46,"featured_media":2920,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,15,10,13],"tags":[1534,1537,1535,1532,1529,1528,1538,1539,1536,1531,1342,1527,1540,1533,442,1902,1541,1530],"class_list":["post-2919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-global-trends","category-industry-trends","category-technology","tag-aapa","tag-adrian-lloyd","tag-april-danos","tag-carey-business-school","tag-coronavirus-supply-chain","tag-covid-19-front-lines","tag-cyber-hygiene","tag-cybersecurity","tag-greater-lafourche-port-commission","tag-hopkins-university","tag-interact-analysis","tag-logistics-covid-19","tag-logistics-security","tag-meredith-martino","tag-mhi-solutions","tag-mhi-solutions-magazine","tag-supply-chain-disruption","tag-tinglong-dai"],"yoast_head":"\nWash Your Hands and Brush Up Your (Cyber) Hygiene - 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