This Media Advisory was written by Anna Rzewnicki, Poole College Communications, and originally posted on the Poole College website.
Topic: Jenkins MBA student to present report on impact of North Carolina’s supply chain sector on the state’s economy
When: Monday, February 1, 2016, 12:00 PM
Where: NC General Assembly, Room 544 Legislative Office Building, 16 W. Jones Street, Raleigh.
Details: Members of the Port and Rail subcommittee of the North Carolina State House Select Committee on Strategic Transportation Planning and Long Term Funding Solutions will hear results of an economic impact study of North Carolina’s supply chain sector. The committee is led by Representative John Torbett.
A team of Jenkins MBA students from the North Carolina State University Poole College of Management will give a preliminary report on results of their comprehensive study – “North Carolina’s Supply Chain: Conduit for Commerce and Economic Development.” The report will be formally released on Feb. 9 in Charlotte, at the Council for Supply Chain Management Professionals Charlotte Roundtable and online.
Authors of the report are Dana A. Magliola, Lindsay T. Schilleman and John C. Elliott, all NC State Jenkins MBA candidates and current SCRC Supply Chain Scholars. The MBA team investigated the economic impact of 14 key supply chain sectors in the state, in terms of direct, indirect, and induced employment, labor income, output, GDP contribution and taxes. Once better understood, future plans, investments, and prudent policy decisions can further strengthen this sector, a vital conduit for prosperity in North Carolina.
Prior to the completion of this research and report, there have been limited investigations of the overall economic impact of the supply chain in North Carolina. Specific industries within the supply chain have been the subject of individual research and analysis, however no report has yet provided perspective and visibility across the entire supply chain.
The report provides context and analysis through a sector-by-sector investigation, highlighting pertinent data and dynamics. Key trends for each sector are discussed, while broader themes that more holistically impact the supply chain are also examined. Another key characteristic of this study was the creation of a systematic and consistent methodology to capture and analyze the economic impact of supply chain related activities and industries in North Carolina today and in the future. This methodology is also intended to provide a simple and easy-to-follow process for investigating the economic impact of the supply chain in other states, regions, and communities.
The SCRC, based in the NC State Poole College of Management, is an industry-university partnership dedicated to advancing the supply chain industry and the professionalism of its practitioners. This study was completed as a Jenkins MBA supply chain practicum project for MHI, a Charlotte, NC-based trade association representing the material handling and supply chain industry, and a partner organization of the Supply Chain Resource Cooperative.