The Maritime and Supply Chain Management program in Old Dominion University's Strome College of Business recently collaborated with the Virginia Economic Development Partnership (VEDP) to produce two industry reports that provide guidance for Virginian companies regarding global supply chains and importing processes.
Ricardo Ungo, director of the Maritime, Ports and Logistics Institute, led the effort with assistance from maritime and supply chain junior student Krista Kubovchik, who provided revisions and infographics.
"We are glad that these industry reports will contribute to the goal of assisting Virginia businesses to improve their supply chain processes and increase the awareness of the need for robust contingency plans in post-pandemic global supply chain planning," Ungo said.
"VEDP appreciates the partnership with ODU to solve real-time supply chain challenges of Virginia companies," added Lindsey Bertozzi, assistant vice president for international trade at VEDP.
In Virginia, 86% of businesses depend on imports of raw materials or intermediate goods. VEDP set a goal to assist Virginia businesses in optimizing their supply chains and import processes. The COVID-19 pandemic applied a tough stress test on global supply chains and brought the concept of resilience to the forefront of supply chain planning.
The first report, "Supply Chain Management: Principles and Issues," covers the main steps and processes in supply chain management. The second report, "Supply Chain Risk Management in Global Markets," presents principles and issues in supply chain risk management and provides tools for identifying, assessing and mitigating risks in global value chains.
"It was a great experience to have the opportunity to participate in the preparation of industry reports to help Virginia businesses and, at the same time, it will help me to build my resumé," said Kubovchik, who is also president of the Student Propeller Club.
