Just a few weeks ago, many people would have been hard-pressed to talk about the nation’s supply chain. But with shortages of protective gear for medical workers and basics like toilet paper and hand sanitizer, the inner workings of transporting goods from manufacturers to consumers, medical professionals and other businesses suddenly has taken on new importance.
“Shippers are facing huge challenges to ensure that they have the tools and have
Not surprisingly, prices are increasing to meet sudden demand, Ms. Shen said, since a national emergency was declared March 13. She said that because the U.S.
Even when there are pricing agreements in place, a few isolated truckers try to capitalize on the volatile shipping market. “Last month, a carrier came and loaded the freight. But he then tried to extract a ransom,” saying that the agreed-to rate was unfair. Rather than negotiate, Mr. Prasad said, the manufacturer paid the additional
Transfix and Leaf in the short term are working to track shipments to help carriers and shippers. Ms. Shen said that her company was trying to alleviate the “uncertainty of where
Both companies plan on pursuing growth even in the face of an uncertain market.
Ms. Shen joined Transfix two years ago as chief operating officer. She was promoted to president last year and, in March she became chief executive. It was trial by fire; on her third day as chief executive, “the entire company moved to working remotely,” a transition she described as “seamless.” That was fortunate because the shipping sector was anything but.
And expertise was no match for the challenges of pandemic-imposed home-schooling. Mr. Prasad has a teenager at home who understandably has work to do, and who, like many high school students, may not have done enough planning.
With store shelves reorganized to display only essentials, supplies are in short supply. As a result, Mr. Prasad said, “we just can’t get our hands on that hot glue gun needed to finish a fashion design project.”