The COVID-19 pandemic has taken a toll on everyone worldwide. The impact of coronavirus has been profound economically, emotionally, politically, and within the medical industry. It has changed everything from the very basic principle of how we greet each other to the more challenging changes we have seen in complex supply chains and product shortages. Supply and demand have shifted in many different industries and many of our clients at Pegasus have adapted their production lines to assist in the battle against COVID-19 and begun manufacturing PPE, Personal Protective Equipment.
Since the start of the global coronavirus outbreak, there has been a spike in cyber-attacks and therefore we must be extra vigilant. IT security professionals have been working to diligently reduce the exposure of corporate assets to cybercriminals. These methods range from the simplicity of locking workstations while an employee is away from their desk to utilizing artificial intelligence that interprets Internet traffic anomalies. Following a commonsense approach to information security can significantly reduce the potential for loss due to cybercrime. Just like following the guidance of health professionals to help protect yourself and others against COVID-19, these three tips can help you stay protected against the cybercriminals during this time.
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There is absolutely no doubt that the COVID-19 pandemic has changed the landscape of our economy, especially the logistics industry. Before the pandemic began, our logistics network in the United States was strong and growing at a fast rate. Trucking, especially LTL, has been robust while truckload began to slow down.
Over the course of the last several years, China has experienced structural challenges that have impacted its ability to compete in global markets. Between rising labor costs, expensive raw materials, and pricey industrial real estate, China’s manufacturing base has found itself in competitive struggles with countries that include Malaysia, Vietnam, and Mexico. With so much strain on Chinese supply chains, many companies are looking to Mexico as an option for both the purchase and sale of goods. Bolstered by a newly signed US-Mexico-Canada Agreement, US-based companies are finding that there are many advantages to doing business in Mexico, including a strong industrial base, competitive landed costs, shorter lead times, easier travel, and parallel time zones.
At the beginning of 2020, the economy was at a historic high. Revenues were up everywhere from car sales to telecommunication development. College students planning to graduate and enter the workforce were darlings of the economy. Graduates had their pick of options, with companies tripping over each other to entice the next great minds entering the workforce.
As uncertainty across the world grows along with this pandemic, the one constant, unfortunately, is chaos. Pegasus prides itself on navigating customers’ chaos by remaining calm through their perceived storms. Amidst the COVID-19 upheaval, a consistent presence has been our partners, who have implemented creative and effective tactics to keep our customers safe.