Elon Musk restarted production at Tesla’s only U.S. car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees.
Supplier financial distress warnings have jumped 119% this year as regional lockdowns, plant closures and employee quarantines caused by the coronavirus pandemic have frozen cash flow and revenue for thousands of companies.
While some businesses have seen a sharp decline in demand, others have experienced drastic increases, and are in the process of adapting to changes throughout their supply chains. In either case, many need immediate support.
As travel restrictions disrupt life for hundreds of thousands of migrant workers crucial at this time of year, growers and governments around the world are renting planes and rallying students, waiters and even prisoners to fill the gap.
Before the coronavirus pandemic struck, companies were having a difficult time finding enough qualified candidates to fill positions in supply-chain management. With unemployment at 3%, many jobs were going unfilled. Now, with the economy in freefall as a result of millions of shuttered businesses, the situation has changed radically.
