Question

In: Operations Management

We are in the middle of a historic crisis - a global pandemic caused by a...

We are in the middle of a historic crisis - a global pandemic caused by a novel coronavirus. A lot of the issues right at the moment are intimately connected to Operations Management and Supply Chains. Issues that are literally life and death, economic recession, and stability.

Suppose you are an operation and supply chain manager given the following objective: What is the operations problem with Cov19 testing in the United States? What would you propose to solve this problem? (Please make this proposal into a format suitable for a professional presentation.)

Solutions

Expert Solution

Covid19 has affected United states in a bad manner. As per media sources ,this Pandemic originated in Wuhan province of China and causing to deaths of innocent Americans. Its influence can be explained to the following major headings:

1) Covid19 and American Healthcare services: A check on responsiveness of services providers like path labs, critical care, health emergency etc.

2) Global supply chain and economic impact of Covid19 to US economy

3) Business dynamics and Challenges associated with Covid19

4) Status of American Drug and Pharmaceutical sector

5) Role of healthcare workers to save America as a great culture

6) Role of administration and leadership in mitigating this Pandemic

7) Challenges related to development of value chain integration across the industries

American government can fight well with understanding the social norms and Distancing criteria followed by major economies of the world. Lockdown should be followed with strict punishment and careful consideration of health and sanitization. America should take the help of medical experts, defense officials, disastar experts, emergency care response teams , NASA scientists and general public to formulate strategies to fight this challenge.

The most important aspect is to understand the basic importance of life of each American that is more precious than wealth accumulated in banks and business. Government should focus on saving life through enhancing the testing facilities, curing with available virol medicines and a faster approach to device medicine & vaccine.  


Related Solutions

We are in the midst of a global pandemic that has caused a stock market crash...
We are in the midst of a global pandemic that has caused a stock market crash and has the potential to cause a massive macroeconomic crisis such as another Depression. What monetary and fiscal policies do you recommend to help this situation caused by COVID-19. Your answer should be 2-3 paragraphs long.
Global crisis such as the 2008 global financial crisis and the COVID19 pandemic expose financial institutions...
Global crisis such as the 2008 global financial crisis and the COVID19 pandemic expose financial institutions to significant risks. The institutions risk exposures may be muddled by regulatory changes aimed at containing such crisis. Discuss the implications of the CONVID19 pandemic on the broader risk exposures of financial institutions. Analyse the effects of global regulatory changes on the level of risk assumed by banks. Propose measures to help banks deal with risks stemming from the COVID19 pandemic. The proposals should...
The pandemic has resulted in a historic decline in output in the Australian and global economy....
The pandemic has resulted in a historic decline in output in the Australian and global economy. Australia’s GDP declined by 7% in the June quarter. This is the largest economic fall since the 1930s (RBA 2020). i. Should the Reserve Bank of Australia (RBA) implement a Contractionary Monetary Policy OR an Expansionary Monetary Policy? ii. Explain how the selected policy (i) would influence household consumption, private investment, and net exports (X-M) to correct the Australian economy. ( 100-125 words) Part...
The current pandemic crisis caused a depreciation of Canadian dollar compared to the US dollar. The...
The current pandemic crisis caused a depreciation of Canadian dollar compared to the US dollar. The exchange rate increased from US$1 = C$1.30 in February to US$1 = C$1.40 in May. a) If you want to explain this increase in the exchange rate with the changes in the Canadian interest rate. What would be your interpretations? Did the Central Bank in Canada cut the interest or increase it? And how that can affect the rise in the exchange rate? b)...
The Global pandemic in year 2020 has caused a decline in the prices of equity and...
The Global pandemic in year 2020 has caused a decline in the prices of equity and credit securities. Many superannuation funds are expected to generate negative returns on investments during this period. Required Discuss how negative returns would affect employees and employers if the superannuation funds is a: i.          defined benefit plan                                                                                         ii.         defined contribution plan                                                                                
Global crisis such as the COVID19 pandemic may prompt the introduction of new regulations or the...
Global crisis such as the COVID19 pandemic may prompt the introduction of new regulations or the revision of existing ones to ensure financial system stability and soundness during and after such crisis. Discuss the effects of the COVID19 pandemic on financial regulations and regulatory changes. Discuss the implications of global regulatory response to the COVID19 pandemic to the financial services firms. Propose a risk management framework for any of the sub-sectors of the financial services sector with the aim of...
During the spread of CPOVID19 pandemic in 2020 and the onset of the global financial crisis...
During the spread of CPOVID19 pandemic in 2020 and the onset of the global financial crisis in 2007/08, the government of Australia decided to temporarily increase spending to avoid recession in both events. Given that Australia is a small open economy with a floating exchange rate, discuss the impacts of such policy shocks on the economy (trade balance, aggregate demand and aggregate supply) if residents perceive the effect of the shocks as:       i.        Temporary     ii.        Permanent
Well, we are obviously in the middle of a crisis. What are your thoughts on how...
Well, we are obviously in the middle of a crisis. What are your thoughts on how colleges handled the COVID-19 crisis? What about how your employer handled the crisis? What about the state of Massachusetts or even the Federal Government.
Due to Covid – 19 Pandemic that caused economics crisis, Bank of Canada had cut interest...
Due to Covid – 19 Pandemic that caused economics crisis, Bank of Canada had cut interest rates; and it is likely to announce further cuts even if interest rates went into negative territory; If we assume that, because of the actions of Bank of Canada, the economy is fully recovered to the extent that it developed an inflationary gap. After this recovery that developed an inflationary gap, is Bank of Canada going to increase or decrease the interest rates? Based...
Due to Covid – 19 Pandemic that caused economics crisis, Bank of Canada had cut interest...
Due to Covid – 19 Pandemic that caused economics crisis, Bank of Canada had cut interest rates; and it is likely to announce further cuts even if interest rates went into negative territory; If we assume that, because of the actions of Bank of Canada, the economy is fully recovered to the extent that it developed an inflationary gap. After this recovery that developed an inflationary gap, is Bank of Canada going to increase or decrease the interest rates? Based...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT