COVID-19 RESOURCE CENTER

Institute for Supply Management is closely monitoring the impact of the coronavirus outbreak on supply management. As your professional association, we know in times like these, we are stronger together.

This page is a centralized resource to gather news, resources and upcoming events centered on information you should know and education and research you can access on mitigating the risks impacting the supply chain today. We also invite you to join in the conversation and share your experience and questions through our social channels or by connecting with us at ask@ismworld.org.

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ISM RESEARCH SAYS...

A second round of research around the impact of COVID-19 on supply chain was conducted between March 17-30th with more than 550 respondents from our member and professional community. Below are some of the highlights in comparison to the survey conducted on the same topic in late February.

86%

Of respondents reported longer lead times in China (up 8% over February).


NEW: 74% see longer lead times in Europe and between 34-44% from North American countries.

28%

Up from 8% of respondents report an impact to operations in the first half of the year.


NEW: April is expected to be especially challenging with 39% reporting a severe impact.

-22%

Reduction in target revenue, down an additional 16% over February.


NEW:Only 1/6th of respondent pool reported decreasing revenue targets in February, while in March almost half reported negative impact to revenue.

-5%

Reduction in demand for products.


NEW: Some industries increasing revenue targets include Food, Beverage & Tobacco Manufacturing (+8.8%), Wholesale Trade (+0.3%), and Management of Companies & Report Services (+17.5%). Significant demand is hitting Health Care & Social Assistance (+50%) even as they adjust their revenue target -30%.

Unprecedented Times. Unparalleled Education.

Must-Watch Webinar Series

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Pandemic Toolkit

Gain greater visbility and transparency into your existing supply chains.

  • Templates and models to help quickly assess risk
  • Recommended strategies toa lign with action plans
  • Resource guides to keep you up-to-date and informed
  • And more!
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IMPACT OF THE CORONAVIRUS ON THE GLOBAL SUPPLY CHAIN - ROUND 2 RESEARCH FINDINGS

Institute for Supply Management® conducted a survey of more than 600 members and supply chain professionals to understand the impact of the coronavirus outbreak on the supply chain. Tom Derry, ISM Chief Executive Officer, discusses highlights from the survey and some key takeaways for professionals to consider in their risk mitigation planning.

TARIFF TRENDS: A PRECURSOR TO COVID-19 IMPACT ON SUPPLY CHAIN

Institute for Supply Management® CEO, Tom Derry, speaks to the trends showcased in the ISM Report on Business® from spring 2017 to January 2020 and the tactics that organizations took to combat the cost impact to their business. Some of these tactics have relevance in the current environment for diversifying your supply chain to mitigate risk.

IMPACT OF CORONAVIRUS OUTBREAK ON SUPPLY CHAIN

Institute for Supply Management conducted a survey to more than 600 members and supply chain professionals to understand the impact of the coronavirus outbreak in China on the supply chain. Tom Derry, ISM Chief Executive Officer, discusses highlights from the survey and some key takeaways for professionals to consider in their risk mitigation planning.

CORONAVIRUS IMPACT ON SUPPLY CHAIN

This infographic will give you greater insights into the state of the supply chain and the effects of coronavirus. This information is based off a survey done by Institute for Supply Management® (ISM®) between February 22 and March 5, 2020. The survey included more than 600 respondents and was focused on finding the impact of the coronavirus outbreak in China.

The survey found that regarding manufacturing capacity and production, suppliers in China were operating at, on average, 50% capacity. Also, staffing levels in Chinese manufacturing facilities were at 56% of normal levels.

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Articles

Pandemic Recovery: Best Practices for Hiring

July 27, 2020

While procurement hasn’t been immune to layoffs and furloughs during the coronavirus (COVID-19) pandemic, it hasn’t been hit as hard as other parts of businesses — and top talent within the function continues to be a finite resource in 2020.

WHITE PAPER

Download research Supply Management’s Role in Curtailing The Coronavirus Impact, which shows the impacts that supply management organizations face with increasing severity of disruptions to sourcing, supply and talent, as well as declines in manufacturing capacity and revenue.