Coronavirus: Supply Chain, Employers, Employees, and Recruiters need to know
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:
- Supply Chain Effects, Employers Best Practices, Employee Awareness, and Effects on Recruiting and Staffing
- Coronavirus is NOT SARS - forget the comparison
- Previous effects on the supply chain with other outbreaks
- How has the China impact on the Global Supply Chain changed over the last two decades when the SARS outbreak happened
- What happens with the Supply Chain in events like this?
- Cost of Goods Sold goes up, Prices go up to consumers
- Supply goes down, Demand goes up because lack of availability it will cause inflation of prices.
- How long is the supply chain effect after the virus is gone.
- Employers - being prepared and being transparent
- Be proactive in communication but less is more. Do not play doctor and medical professionals in speaking on the virus.
- Reinforce Sick Leave Policies but create an expectation so employees will not be punished if they need to stay home.
- Decrease of unnecessary travel
- Consult with HR and Legal before asking employees to perform medical exams or quarantining employees due to symptoms
- Be careful on what you ask of your employees as there is a fine line between legal action and illegal discrimination
- Recruitment will slow down due to quarantines, travel restrictions and work arrangements
- Virtual interviewing will become more common
- Positions may be effected based on the slow down of operations or ability to complete the interview process.
STOP 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.
FDA APPROVED LIST
https://www.epa.gov/sites/production/files/2020-03/documents/sars-cov-2-list_03-03-2020.pdf
Jeffrey Luft
jeffrey@fedoraconsulting.com
https://www.linkedin.com/in/jeffreyluft/
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