Freight Transportation & the Coronavirus | Yossi Sheffi

This episode centers on the coronavirus (COVID-19) and how the outbreak which originated in Wuhan, China in December 2019 is impacting global freight transportation. Host Chris Caplice sits down with Yossi Sheffi, MIT professor and Chris’ boss at the MIT Center for Transportation & Logistics, to discuss how the coronavirus differs from past crises and how the bullwhip effect will likely play out in this scenario. Prof. Sheffi also offers some advice to companies who are looking to manage the coronavirus and other global risks effectively. Chris is then joined by Inam Iyoob for the latest North American truckload market rate trends and forecast which is powered by FMIC.

[0:52] You can purchase a copy of The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage here: https://www.amazon.com/Resilient-Enterprise-Overcoming-Vulnerability-Competitive/dp/0262693496.

[0:55] You can purchase a copy of The Power of Resilience: How the Best Companies Manage the Unexpected here: https://www.amazon.com/Power-Resilience-Companies-Manage-Unexpected/dp/0262533634/.

[1:55] If you’re interested in seeing the coronavirus data gathered by Johns Hopkins University, here’s the link: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

[6:12] Take a look at Apple's revised press release, acknowledging the impact of the coronavirus on their expected sales performance: https://www.apple.com/newsroom/2020/02/investor-update-on-quarterly-guidance/

[26:15] Grab a free copy of ATRI report, “An Analysis of the Operational Costs of Trucking: 2019 Update” by Dan Murray here: https://truckingresearch.org/2019/11/04/an-analysis-of-the-operational-costs-of-trucking-2019-update/