Supply chain works better if you previously worked, studied together
Xiumin Martin from the Olin Business School at Washington University in St. Louis was among four researchers who crunched data to find that personal connections between suppliers and vendors particularly improves the efficiency of the supply chain. To be precise, such rapport results in better overall performance, less restrictive and longer-lasting contract terms, and crystallized communication.
Lessons learned from COVID-19 will improve supply chains
In the future, a global pandemic such as the magnitude of COVID-19 will not only be a foreseeable event, but also will likely change how companies model and mitigate future risks to their supply chains, says an expert on supply chain management at Washington University’s Olin Business School.
Federal package ‘not enough’
The $2 trillion plan to prop up a pandemic-reeling United States, amid the news that there were 3.3 million unemployment claims lodged in the previous week, is expected to pass the House on March 27. An array of Washington University in St. Louis experts offer perspectives on the plan.
Olin faculty evaluate coronavirus on U.S. businesses, economy
Olin Business School faculty at Washington University in St. Louis offer perspectives on the economic, financial and everyday business reactions to the novel coronavirus outbreak.
Coronavirus far greater threat than SARS to global supply chain
Panos Kouvelis, who teaches and helped to popularize the Waffle House Index regarding natural-disaster responses, says the outbreak’s impact on global supply chains promises to be two times worse than when the SARS virus emerged in 2002 in China.
Invite consumers to pop-up, and pop goes the spending — offline and online
Two Washington University in St. Louis researchers, along with a former fellow Olin Business School faculty member and Alibaba officials, flipped the pop-up business model, and possibly more. The co-authors found that inviting potential customers via text message could increase buying with both a pop-up shop retailer and similar product vendors online … for weeks and months to come.
The Economics of Higher Purpose
Eight Counterintuitive Steps For Creating a Purpose-Driven Organization
Two distinguished scholars offer eight steps to help organizations discover and embrace an authentic higher purpose–something that will dramatically improve every aspect of any enterprise, including the bottom line.
Could 2018 tariff impact been foreseen?
Researchers from Olin Business School explore the complexity of tariffs as a trade tool in a global economy in a new paper. The research also establishes a supply chain model to explain those effects. The model proposes that, in some cases, the effects were foreseeable when accounting for strategic multi-party interactions and competition.
Federal farming report features two Olin researchers
Two Olin Business School researchers at Washington University in St. Louis are highlighted in a new federal report issued March 27 showing how U.S. farmers — facing a surge of weather events and disease outbreaks — can increase production and revenues with innovations produced by government-funded agricultural research.
Waffle House Index teaches how to weather storm with breakfast food
The Waffle House index refers to a clue into the level of devastation wrought by a natural disaster — disasters like Hurricane Florence, which made landfall at Wrightsville Beach, N.C., early Sept. 14. Panos Kouvelis, director of the Boeing Center for Supply Chain Innovation at Olin Business School, has taught it for years.
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