For Aviation, an ‘Unprecedented Opportunity’
The COVID-19 pandemic brought the global air industry to virtual standstill in March 2020, delivering a $370-billion “staggering financial loss to the industry,” according to the International Civil Aviation Organization (ICAO). Seating capacity dropped – by half. The total of passengers taking flights fell even further, to 1.8 billion in 2020, from 4.5 billion in 2019.
Why 2021’s Labor Day Sales Are Likely to Disappoint
Labor Day weekend shoppers might have a little extra money to spend, but they will have to work harder to find discounts this year. Supply chain disruptions caused by the continuing pandemic and a series of severe weather events have had retailers struggling to maintain inventories and subsequently less-incentivized to discount items in stock – even for the usual Labor Day sales bonanzas on appliances, mattresses and autos, said Maryland Smith marketing experts Amna Kirmani and Jie Zhang.
Maryland Smith Announces Eight New Faculty Members
As courses convene for the new academic year, Maryland Smith is welcoming eight new scholars to its faculty. Tejwansh (Tej) Anand is joining the decision, operations and information technologies department as a clinical professor. Anand earned a PhD from Columbia University.
Maryland Smith’s Rachelle Sampson Named Panmure House Prize Recipient
Maryland Smith’s Rachelle Sampson is the recipient of the inaugural Panmure House Prize, considered one of the United Kingdom’s largest academic prizes. The $75,000 prize is administered by the Edinburgh Business School at Heriot-Watt University in partnership with U.S.-based long-term investment consultancy FCLTGlobal and funded by Baillie Gifford. It recognizes research identifying potential flows of capital to innovation – in hope of finding the next major technological, retail or pharmaceutical up-and-comer.
These new and innovative virtual case competitions allow Maryland Smith undergraduate majors and minors to solve a real global business issue with a focus on business resilience. During these 4-5 day IB agility labs, students will benefit from exposure to an international company, work on teams with business students around the world, and gain hands-on case experience to build their resumes. Each IB agility lab will focus on one functional area of business and will include an optional virtual cultural activity.
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The Ever Given Is Unstuck, But the Ripple Effects Remain
Strong U.S. economy, consumer demand and the need for raw materials amplify the effects of the recent shipping turmoil.