Small-business confidence plunged in March to near its lowest levels in the past seven years, as business owners grappled with the effects of the novel coronavirus on their companies and the broader economy. Owners of businesses from restaurants and yoga studios to marketing and manufacturing firms are already making tough choices, as the fallout spreads Read more…
The top priority at MBX Systems is the well being of our employees and maintaining business continuity as the spread of COVID-19 coronavirus advances. Justin Formella, Chief Strategy Officer It’s important that we continue to communicate how we are preparing our entire organization and protecting your end-to-end supply chain. We’ve gone to incredible lengths to Read more…
“There’s a paradox here,” said MBX’s Justin Formella. “If it seems like an overreaction after the fact, it means you probably did the right thing and helped the situation improve.” For Chicago business, the coronavirus at first seemed like distant shells from a hostile army still far from its target. Manufacturers reliant on Far East Read more…
Savvy entrepreneurs are planning ahead to mitigate the effects of supply shortages and sick employees. When the 12 China-based employees of private-label sock manufacturer PAC-MFG return to their office on Monday after a two-week quarantine of the city of Haining, things will be a little different. Buses and trains are hot spots for transmission of the coronavirus, Read more…
At AllCell Technologies’ facility in Chicago’s Back of the Yards neighborhood, dozens of employees are cranking out lithium-ion batteries, destined to power drones, electric vehicles and more. The key component of the rechargeable batteries comes from China and other Asian countries, where the coronavirus has caused factories to shut down or operate at reduced capacity, Read more…
MBX recommends reserving supply allocations ahead of forecasts to secure components into Q2 2020. Justin Formella, Chief Strategy Officer There have been multiple changes to the status of the novel coronavirus (COVID-19) outbreak over the past two weeks, and we want to update you on what we know today about its impact on technology manufacturing Read more…
Carl Nothnagel, Chief Operating Officer Every day we are working with our suppliers and partners around the world to filter the official and unofficial information we’re hearing about the coronavirus to stay on top of potential market constraints. We’d like to share what we know today and our opinions on the upcoming impact as it Read more…
