Let’s Talk – Peak Season Stimulus
Earlier this year, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in the hope of stimulating business and easing the disruption caused by COVID-19. According to Supply Chain Dive, that act included billions of dollars in resources through the Paycheck Protection Program (PPP), disaster declaration loans, and direct help to supply chains involved in the medical and pharmaceutical space. Unfortunately, the pandemic continues. And it shows little sign of slowing across the US. In addition, the upcoming election has further complicated the matter of what’s next in terms of COVID-19 relief. Regardless, e-commerce logistics is finding itself in a unique position, especially as e-commerce swells to unbelievable levels. The benefits created by the CARES Act are starting to run out, and it is time for supply chain professionals to start thinking about how a future stimulus could influence peak logistics and the upcoming holiday shopping season.