Michigan Tech College of Business Newsblog

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My Life On Campus During COVID-19

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Emily Kughn is a second-year student in Michigan Technological University’s College of Business, dual majoring in marketing and management with a concentration in supply chain and operations management. The Horton, Michigan, native is also a member of the American Marketing Association. Below is her piece about what it’s like living and learning on campus during the COVID-19 pandemic.

Walking onto campus to start my first year, I felt a huge mix of emotions: happy to start a new chapter, sad to leave my family and friends back home, anxious about what’s to come, and excited about my new independence. Just like any other first-time college student, I had my guesses about what college might be like, but I really had no idea what to expect. I can assure you the last thing I anticipated was a global pandemic!

Fast forward now into my second year at Michigan Tech—my everyday campus life looks much different than it did last year. Obviously, I wish more than anything that this virus never existed, but I’ve learned to forge a new path and create a new normal.

The sense of community on Michigan Tech’s campus is especially strong this year. We’ve found creative ways to come together and show support for one another. Since we can’t attend sporting events, have large gatherings, or socialize much outside of class, it makes the interaction we do get extra special. My favorite ways to safely socialize now include our outdoor movie nights, bonfires, going on hikes, and Zoom calls with my friends.

In order to thrive in online classes, I find it vital to establish a routine to stay organized. I treat my classes the same way I would if they were all in person. I make sure to mask up and head to the library at least twice a week in order to get a change of scenery while studying. I am also still very much involved in student organizations, which keeps me busy.

In the American Marketing Association, we participated in a virtual marketing competition and the Women’s Rugby Club competed against our conference in a virtual season. My student org involvement has been a major blessing; being able to stay connected with others in new ways while also staying involved in things I enjoy.

The most challenging part of the year so far has been not being able to attend all classes in person, not being able to see all of my friends, trying to meet new people, and constantly dealing with the many unknowns.

Finding opportunities to learn and grow given our current circumstances is important. Living and learning on campus during a pandemic definitely comes with challenges. However, I am thankful to be on the campus I love, still doing the things I enjoy (even if virtual for now).

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My College Internship in the Time of COVID-19

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By Mitchell DeLong

My name is Mitch DeLong, and I am excited to share information about my summer 2020 internship with Plexus Corporation. I am a fourth-year Michigan Tech student studying management with a concentration in supply chain and operations management in the College of Business.

MTU business student Mitchell DeLong

Despite the many challenges COVID-19 has presented, I was fortunate to find an opportunity to learn and grow with Plexus at their Neenah, Wisconsin, operations. While completing work with a mask on and undergoing regular temperature checks has not previously been routine during an internship, I am thankful for the safety precautions Plexus established.

Due to the pandemic, all in-person gatherings for interns were canceled. However, Plexus took steps to ensure we could still connect and have a great experience. They offered safe and engaging activities from virtual game nights to book clubs. Overall, my internship relied heavily upon the use of computers to do my work and connect with peers. Training from both Plexus and Michigan Tech prepared me for these technology-centered interactions. 

I held the title of materials intern. The title may sound simple, but the work I was exposed to was beautifully complex. In the center where I was based, low-volume, high-complexity circuit boards are manufactured for use in advanced electronic equipment. The circuit boards Plexus makes are found in equipment ranging from advanced medical machinery to airplane controls. Some of the circuit board assemblies I worked with contain more than a thousand individual parts!  

Coordinating the movement of so many parts was challenging and it was also rewarding knowing that the assignments I completed helped provide end-users with a risk-free experience.

https://connect.plexus.com/sites/Communications/MMD/Approved%20Images/_w/Markets_AD_02_jpg.jpg

My tasks entailed procuring parts within the aerospace and defense market sector. I made connections with supply chain professionals and practiced techniques I learned in my courses at Michigan Tech.

Interning during a pandemic also provided the unique opportunity to learn firsthand about extreme fluctuations in supply chains. Some parts experienced a “Bull-whip” effect and were directly impacted by manufacturing changes related to the public health crisis. As a purchaser of those parts, it was my job to minimize the negative impacts of the supply chain so that production managers and customers could get the products they need on-time and at a fair cost. 

Beyond that, I worked with mentors to develop a long-term agreement project to stabilize and guarantee the supply and demand for critical components for circuit board assemblies.

While my internship only lasted 11 weeks, I am grateful that Plexus provided me with a project that will make a difference for years to come.

https://connect.plexus.com/sites/Communications/MMD/Approved%20Images/_w/Markets_AD_06_jpg.jpg
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My First Year at MTU: Marco Marquez

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MTU student Marco Marquez stands at a podium
Having grown up in Detroit, Michigan, Marco Marquez felt ready for the natural, rugged beauty of the Keweenaw Peninsula. The unique location, along with Michigan Tech’s STEM focus, led him to enroll in engineering management.

Since starting at Michigan Tech in the fall of 2019, Marco has adjusted and loves his second home. At first, he wasn’t sure what to expect and found it difficult to leave behind access to shopping, family, and friends. However, he says that meeting new friends and exploring the Upper Peninsula made the transition to college easier than expected. 

Marco has enjoyed getting to know students from other cultures and connecting through language. As a bilingual student, Marco finds language to be a starting point in learning about other people. Of his new connections, meeting a fellow Husky from Spain in Intro to Finance has been one of the most rewarding. He finds that collaborating on homework in Spanish to be a helpful way to continue using his second language.

Joining student organizations has also helped Marco gain new perspectives. One impactful experience was visiting Chicago with the Society of Hispanic Professional Engineers to speak with pre-college students in primarily Hispanic schools. The group encouraged students to think about their lives after high school and the opportunities that are available to them in STEM and college. Marco also traveled to Minneapolis with the Accounting Club, which prompted his decision to switch majors to accounting and finance. He is also a member of the Society of African-American Men, which participates in community service activities on campus. 

In his first year at Michigan Tech, Marco’s vision for his future has evolved. Initially, his goal was to get a degree and a well-paying job to help support his family. Since then, he has learned to aim even higher. Marco now aspires to create his own company in the automotive industry, where he will work to make travel easier, faster, and more affordable. He would also love to use his passion for language to connect with others while undertaking this journey.

Marco credits his growth to the encouraging culture at MTU, and wants to let other students know that stepping outside their comfort zone just might change their perspective for life. 

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Week Five—Husky Investment Tournament

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Attempts to limit the spread of COVID-19 have closed schools, suspended face-to-face classes at many universities (including Michigan Tech), closed restaurant dining areas, and are causing countless events and functions to be canceled.

The markets have been extremely volatile (rapidly changing) in the past few weeks and will likely continue to be until the effects of the virus level out and normalcy is restored to the financial system (the President indicated yesterday that this could be sometime in summer). 

The bull market (remember, a bull market is when the market continually goes up, whereas a bear market is when stocks are dropping), one of the longest in history, was still going strong a month ago. However, in just a few weeks, things have taken a major turn. Last Monday, the S&P fell 7.6 percent in one day; that’s the biggest drop since 2008. Stocks then rebounded on Wednesday and fell again (by 9.51 percent) on Thursday. On Friday, they soared by over 9 percent again. 

For a bull market to turn into a bear market, the market needs to drop 20 percent over a period of time. The Dow, S&P, and Nasdaq all ended their historic 11-year bull run last Wednesday and Thursday, with stock prices less than 20 percent than they were just a month before. 

Typically, a bull market turning into a bear market is an indicator of a looming recession, but this is not always the case. Prior to market disruptions from the Coronavirus, the US economy was booming with 50-year low unemployment, a 20-year high in household income, and record-low interest rates. It is yet to be seen if the Coronavirus will propel us into a recession, or if the markets will rebound following these unprecedented times.

Of course, this is not the first time the markets have seen huge fluctuations. You may remember learning about the Great Depression, the financial crisis of 2008, and the dot-com bubble in your classes. All of these events triggered detrimental effects on the stock market, but the market recovered from each event. There is yet to be an event in history where the market could not recover—with time. 

We know many students are out of school right now. Keep following the markets and making trades! This is an excellent time to learn how the markets react in times of distress and is a great time to practice virtual collaboration, a useful skill for anyone. We recommend using a video conferencing software, such as Zoom, to meet with your team and discuss your trading strategies. 

For this week’s video, Laura Connolly, an assistant professor of economics at Michigan Tech, discusses economic indicators and how investors can use them to gauge their investment decisions. Please note, the rates and indicators in this video are as of October 2019; however, the information surrounding how to read and interpret these ratios is correct. 

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Week Three—Husky Investment Tournament

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Have you been watching the markets lately? We have been on a historic, almost 10-year-long, bull run. A bull run is when prices in the stock market rise over an extended period of time, whereas in a bear run, the opposite is true. You can remember the difference by picturing a bull, which bucks upwards, and a bear, who swipes his claw downwards.



You may also have noticed that the DOW and S&P 500 dropped more than 3 percent last Monday and the NASDAQ had a two-day drop of 6.38 percent–the worst since June 2016.

What should investors do with this information? If prices are dropping, should you be selling your assets before prices can get any worse? Is now the time to buy and ride out the market dip? Making hasty sell decisions is rarely a good choice in times like these.

Here are two major factors driving changes in the market, and what investment professionals are saying about them:

You’ve surely heard about the coronavirus (COVID-19). While the loss of life and emotional toll of the disease are potentially monumental, we will focus on the financial side of things.

At this time, experts predict that although the results will be substantial, and already are, they will be temporary. Historically, when there is an outbreak such as this, markets are influenced in the short-run, but recover following the outbreak. One aspect of the coronavirus that is likely to have a lasting global impact, is the issue that is created in supply chains with shut downs in China.

Since we source many of our products from the country, there is fear that companies will not be able to meet consumer demands. This may cause ripple effects that last into the rest of 2020. Some companies, such as Apple, predict lower sales in the fiscal year. Apple’s sales may be down this year if they are not able to produce enough iPhones for the company’s annual new product release, which is generally in September. 

Politics are also a major factor in financial markets. With the upcoming election and primaries beginning, news in politics is constantly impacting the market. Although the influence of politics on the market is difficult to predict, there are several trends that have been noticeable. Presidential candidates are often gauged as “pro” or “anti” business and the stock market reacts accordingly. When candidates generally seen as pro-business are leading in the polls, the market tends to go up. When candidates that aren’t seen as pro-business are in the lead, the market tends to head in the opposite direction.

Going one step further, certain sectors and companies can be impacted to a greater extent depending on the platform of the politicians. For example, a “hawkish” politician would be good for the defensive industry versus a “dovish” politician. That being said, the effect on the stock market is a wild card. At this point in the election process, investors will see politics playing a heavy role in the market, which will likely increase the volatility of stocks.

With everything going on in the markets, it is difficult to predict how the multitude of influences will blend together to move the market going forward. Watch this week’s video to learn more about supply chain management, and how investors can use this information when making decisions. 

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