Listen "Coronavirus: Stop Panic Buying, Financial Hardships, Bankruptcy, Stress on the Internet, Lack of Drugs"
Episode Synopsis
Special Guest: Jeffrey Luft, Supply Chain Expert and Consultant Please note: I am not a medical professional and am not speaking for the CDC or any medical associations. I bring to the table 20 years of staffing and recruiting industry experience specifically focused in global supply chain and manufacturing. I also have worked through the SARS outbreak. I have also talked to several economics professors, economists, and reviewed major articles with Bloomberg, Fortune, Harvard Business Review, and Forbes. This is an informational podcast to help people understand the impact. Breakdown of today’s podcast:There is NO shortage - they are just out of stock. Stop panic buying.Stop buying water, toilet paper, paper towels! Why toilet paper? If you get Coronavirus you will not gastrointestinal problems but more respiratory problemsWhat you can do to prepare - realisticallyPreparation for school closings, closing of retailers (Apple), and working virtuallyFinancial impacts go beyond airlines, cruise ships, theaters. There is a trickle down effect to all the restaurants at the airports, food suppliers that supply food, taxis/ride sharing Many people live day to day, paycheck to paycheck Companies are starting to step up to help mitigate their people, but is the mitigation far enough reach to all levels impactedBusiness Owners and Suppliers need to be flexibleUtilities need to allow people time to get caught up expanded time to pay billsHouse Bill injecting capital to individuals (pending Senate approval)How can you help other people - People helping PeopleBreakthrough the culture issues which have arisen over the last two years to support everyoneGrowing trend of discrimination on Asian and Italian immigrantsInternet - Telecommunications Resources and will it support the extreme increase in virtually worlds but how big of impact will it haveDrugs - switch to 90 day supply. Mail order pharmacies are availableFactories are revamping - ramping up production but suppliers are still only operating at 50% capacityLead times are increasing - 57% worse than late 2019Can local pharmacies fill 90 day supplies?Adjust to the new normalcy, social distancing, minimizing the exposure. There is a reason people in Japan bow when greeting each other than shake handsSTOP DISCRIMINATION - We need to band together and be there for each other. This Virus doesn't discriminate based on age, race, sexual orientation, disabilities, etc. It affects everyone. Be conscious on how you interact with people and help those that need information to do the right thing. CORONAVIRUS TRACKING WEBSITE https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 FDA list of current shortages - https://www.accessdata.fda.gov/scripts/drugshortages/ GUEST INFORMATION Jeffrey Luft [email protected] https://www.linkedin.com/in/jeffreyluft/ GLINTER SOCIAL MEDIAL AND CONTACT INFO [email protected] (Email) http://bit.ly/michaelglinter (Podcast) http://www.linkedin.com/in/michaelglinter2 (Linked In) #MichaelAGlinter (Twitter) http://www.facebook.com/michael.glinter (Facebook) https://www.youtube.com/c/MichaelGlinter (YouTube) www.michaelglinter.com (Website)
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