How the Logistics Industry is Impacted by the COVID-19 Pandemic

* The below information was provided from an episode of Lenz on Business featuring Dr. Karl Manrodt, Professor of Logistics and Supply Chain Management, and student Jeremiah Griffin, Senior Manager for Process Improvement and Supply Chain for Walmart. *
The coronavirus, or COVID-19, has impacted millions of people around the world. So it’s no surprise that the logistics and shipping industries are feeling these effects as well. 

Changing Best Practices

Across the globe, logistics strategies and plans are being disrupted left and right. Existing plans and forecasts for product demand, pricing, and timing was all completely derailing. When coronavirus broke in the United States, it flipped all of this on its head.
Changes needed to be made quickly to keep up, leaving many businesses scrambling. Times for shipments increased, numbers of new products ordered increased, and the way these items were transported also shifted. 

Shifting Perspectives on Where Products Come From 

With all of these changes rapidly affecting the United States economy, other important conversations around logistics bubbled up as well. Many people and companies have refocused on the high percentage of products coming to our consumers from outside of the United States. Could it be worth the time and effort to start developing more products within the U.S.? If this percentage were changed, would it make these processes more efficient and safer? These are all questions those in the U.S. logistics industry are asking themselves.
However, these conversations are just the start. A shift like that would take years of planning, producing, and millions of dollars spent. Right now, the pros and cons need to be weighed by both the political sphere and the public sphere before any changes are made. 
But coronavirus has certainly highlighted this conversation more than ever before. 

Highlighting Heros 

With all of this change and uncertainty, companies and individuals have had to step up to keep the world turning. In this time of fear and anxiety, people need to look towards those who are doing inspiring work. Companies that stare down the face of adversity and come out on the other side stronger remind everyone around them that good can still happen. 
Want to read a success story yourself? Click here to see how UPS stepped up to deliver life-saving technology
If you want to hear more about how the logistics industry is impacted by the COVID pandemic, click here to listen to an episode of Lenz on Business featuring Dr. Karl Manrodt, Professor of Logistics and Supply Chain Management, and student Jeremiah Griffin, Senior Manager for Process Improvement and Supply Chain for Walmart. The two go into significant detail discussing how COVID-19 is impacting their industry. 
The Georgia WebMBA, Master of Logistics and Supply Chain Management, and Master of Management Information Systems at Georgia College offers professionals the opportunity to make their next move by earning an accredited online master’s degree. If you’re curious about how we can work with you to help you complete your online MBA and expand your leadership skills, especially in the face of a pandemic, click here to contact us today

Why Pursue Logistics and Supply Chain Management?

There is little doubt that advanced business degrees are an incredibly valuable asset in the business world. For those who are interested in managing a potentially global network of assets and infrastructure, a Master of Logistics and Supply Chain Management can be a viable option.

The growing importance of Logistics and SCM

Logistics and Supply Chain Management (SCM) is one of the most robust and growing industries in the United States. Individuals with a Master of Logistics and SCM are highly desired in a number of industries, including retail/service companies, government and public agencies, and companies that have a national or international distribution network.

Job opportunities in Logistics and SCM

The United States Department of Labor estimates that our economy will need around 1 million new workers with logistics and SCM qualifications. For those who have a Master of Logistics and SCM, the Department of Labor expects an average of a 17% salary premium over those who do not have that particular Master’s degree. This means that those entering into this type of program will almost certainly graduate into an economy that is screaming for workers just like them — providing those graduates with substantially more opportunities than the average worker.

Why you should consider Logistics and SCM

As the world becomes increasingly connected and globalized, logistical needs will only become more complex and more important. For those who have a passion (or even just a slight interest) in managing such complex systems, while working to make them run as reliably and efficiently as possible, now is the ideal time to get a Master’s degree in the field.
The bottom line is that business owners — even if they understand the importance of optimizing their logistical framework — typically do not have the expertise to maximize everything they can out of their SCM infrastructure. Even more business owners have yet to set up such an infrastructure, and require the expertise of someone else; i.e., someone who will have a great deal of leverage when negotiating salary, benefits, etc.
Even if you ultimately plan to go into business for yourself, having a Master’s degree in Logistics and SCM will help ensure that you have the knowledge you need, without depending on the expertise of someone else.

Why the Port of Savannah Is Important to Business Majors

Ports have long been one of the most important economic assets a region can possess. Even today, with the increasingly dizzying array of new technologies being developed, seaports continue to be the backbone of the international economy and major focal points for commerce.
One place where this has held particularly true is Savannah, Georgia. The Port of Savannah has long been a key element in Georgia’s economy and the Atlantic Seaboard. The Port of Savannah experienced rapid and dramatic growth during the first part of the century, which ultimately solidified its critical role in the economy of the Eastern United States.

The Port of Savannah’s rapid growth

From 2000 to 2005, the Port of Savannah averaged 16.5 percent growth per year, and in 2007 it was named the fourth busiest seaport in the United States. Today, exports from the Port of Savannah equal approximately 13.27 million tons of cargo per year, putting it second only to the iconic Port of Los Angeles.

How can business majors be a part of the Port of Savannah’s rapid growth?

A Master of Logistics and Supply Chain Management can be a particularly effective way to be a valuable part of the business that takes place in a port like the Port of Savannah. GCSU’s program provides the resources to learn everything you need to know about the business of ports. Those that live in close proximity to the increasingly important Port of Savannah could have the unique opportunity to learn directly from one of the nation’s most active ports firsthand.
For those who want to earn their Master of Logistics and SCM while also retaining the flexibility to choose their own schedule — and potentially even land a job working at the Port of Savannah while earning their degree — the GCSU online MBA might be the perfect choice. In the online program, you’ll still learn all of the crucial aspects of working at the Port of Savannah (or any other port), as well as establish the important networking relationships you’ll need after graduation, without the logistical challenge of driving to campus several times per week for class.