economy by mid-March 2020, new statistics would not be available until May 8.īlandin and his frequent collaborator, Alexander Bick, Ph.D., an associate professor of economics at Arizona State University, felt they could use their skills as economists to help. Indeed, while the outbreak had shut down a substantial portion of the U.S. Given the stunning speed of the COVID-19 outbreak and the corresponding economic downturn, policymakers and researchers were left in the dark. In normal times, those statistics are timely enough to be useful.
labor market statistics are collected once a month and published with a three-week delay.
“In some sense, policymakers were flying blind” in the early days of the shutdown with regards to labor market data, said Adam Blandin, Ph.D., an assistant professor in the Virginia Commonwealth University School of Business. policymakers were developing responses to the pandemic before they had the data to know how much it would affect the economy. In the spring of 2020, as everything was coming to a grinding halt because of COVID-19, U.S. How a VCU economist’s project provided essential data early in the pandemic 10/11/21 - Leila Ugincius “As a whole,” says Berdish, “these projects demonstrate how a project-focused course can benefit the parties involved, as well as potentially impacting the community as a whole.” Then, Logistics and Distribution students helped design the routing and delivery schedules. They focused on the sourcing, purchasing and inventory management practices of the store. This ambitious project had its roots in work begun during 2019, when SCMA Strategic Sourcingstudents began studying The Market 25th grocery store in Richmond’s Church Hill. Plan and set up a farmer’s market to sell healthy food Plan the warehouse layout and associated utilization by small farmers Partner with VCU College of Engineering and VCU Life Sciences to design a solar-powered modular structure to store food Study garden as a food source for the Storehouse and as a teaching center for citizens who want to grow their own produce Partner with VCU Life Sciences to better understand the organic garden Help Executive Director with facility layout, inventory management and receipt and distribution of food Support operations for the Promise Land Storehouse The Charles City food security project has been divided into five phases: “Faculty also are provided benefits, as many of these student-company projects open the door for more advanced research.” “The sponsoring organization also benefits in that it receives recommendations from the student teams that lead to solutions that may not have been considered,” he says. His goal is to provide experiential learning opportunities for students which enable them to see the tangible benefits of supply chain management decisions.
This project, the culmination of a community mission, is spearheaded by David Berdish, executive-in-residence for SCMA. Sharing expertise with VCU Life Sciences and VCU Health students, SCMA is utilizing a multi-disciplined approach for success. The VCU Department of Supply Chain Management and Analytics (SCMA) has embarked on its most complex project to date – a pilot program designed to ensure food security in Charles City, which can then be replicated statewide. SCMA seeks to increase food security in Virginia 10/13/21 - Susan T.
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