Coronavirus is a Wake-Up Call for Supply Chain Management Many companies and leaders talk about the need to do supply network mapping as a risk-mitigation strategy, but they have not done so because of the perceived large amount of labor and time required.The most common approach is to use the bill of materials and focus…
Business Strategies for Beyond the Looking Glass Companies are looking in the following areas for cash opportunities: Inventory Surplus Duty Refund through 201 & 232 Exclusions Duty Drawback Freight Pay & Broker Audits Review Contract Terms Payment Deferment Consumer Delivery In addition to these, businesses who import or export may consider these measures as well:…
How to Make Supply Chains More Resilient Move away from paper to digitization Ensure data privacy for suppliers Give suppliers an incentive to share their data Start early – don’t assume the current disruptions will never happen again Read the Press Release
Owensboro Company Developing Coronavirus Vaccine Kentucky BioProcessing has joined the coronavirus vaccine race and is using tobacco to do it. The vaccine is currently in pre-clinical testing, but Kentucky BioProcessing did clone a portion of COVID-19’s genetic sequence which led to the development of a potential antigen. Kentucky BioProcessing intended to carry out the vaccine…
Corbin Company, SEKRI, Switches Production to Coronavirus Masks Southeastern Kentucky Rehabilitation Industries (SEKRI) in Corbin produce products for the military, including: caps, fire-retardant shirts and first-aid kits. The company shifted production to cloth masks to help deal with a shortage of personal protective equipment (PPE) for police, firefighters, ambulance crews and medical staffers. The company…
Paycheck Protection Loan Application is Open on the SBA Portal The SBA application portal opened on April 2 to accept and process applications for a significant but limited amount of money. The Paycheck Protection Loan is a provision of the federal government response to the COVID-19 pandemic that has closed down much U.S. commerce as…
The novel coronavirus has pushed the world through Alice in Wonderland’s looking glass. The blow to businesses is greater than imagined in most contingency and continuity planning.
Explore Kentucky with Short-form Episodic Series The release of the 11 video mini-series is the first phase of the department’s digital redesign, which soon will feature a new multimedia website. Available videos include: Kentucky in focus with Elia Locardi Sound travels Untold to the unforgettable Stoked with Adam Glick Rooted in flavor Made in Kentucky…
How Downtime Forced by Coronavirus could be an Entrepreneurial Opportunity Lack of time is one of the major reasons people give for not starting their own business(es). These tips can help: Be bold and flexible Be interested in everything and observe closely Pivot when necessary Learn how to sell anything Read the Press Release
Big Logistics Companies Invoke ‘Act of God’ Clause in Contracts The freight transportation industry has invoked temporary force majeure over the years, often during regional incidents of natural disaster or “acts of God.” They are typically added to avoid liability for natural and unavoidable catastrophes. However, rarely have forwarders taken these measures for their services…