Augusta University is Georgia's health sciences university and a national center for cyber security education. Home to the state’s only public academic medical center, Augusta’s world-class clinicians are bringing the medicine of tomorrow to patient care today. The university is comprised of nine colleges, including one of the nation's oldest medical schools, the Medical College of Georgia; the Hull College of Business; and the state's only dental school, the Dental College of Georgia.

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Mark Thompson, PhD, was named dean of the James M. Hull College of Business in November 2023. A faculty member since 2013, Thompson served as associate dean and the Grover C. Maxwell Chair of Business Administration and professor of economics. He has served as interim dean twice, the first time from March 2015 to January 2017 and most recently since March 2023.

Thompson has served on the faculty in the Department of Physiological and Technological Nursing in the College of Nursing, as well as in the Division of Health Economics and Policy and the Department of Population Health Sciences in Medical College of Georgia.  

Among the highlights of his tenure since joining Hull, he has overseen and maintained the internal operations and developed a summer grant program to provide salary support for research and innovative teaching projects. He also has exemplified servant leadership by being one of the first AU faculty to teach a dual enrollment course in a local high school during the fall semester.

He earned both his PhD in economics and his BBA in business economics from Texas Tech University, where he served on faculty from 2009 to 2013. Thompson also worked as an assistant professor in the Department of Economics & Finance at Nelson Rusche College of Business in Nacogdoches, Texas, from 2003 to 2006 and at the University of Arkansas-Little Rock as a State Economic Forecaster for the Institute for Economic Advancement in 2006-07.

As an economist, Thompson’s work on business conditions, risk analysis, energy, and the healthcare industry have been cited in various national and regional outlets. He has previously served on the editorial boards for the International Journal of Information and Operations Management Education and the Journal of Business Valuations and Economic Loss Analysis. Thompson has also served as the State Economic Forecaster for Arkansas, where he provided economic and policy analysis to various state and local agencies.

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Dean of Hull College of Business, Professor of Economics

 America’s auto industry is slowing down – and this time the main source is not a matter of labor issues or a lack of customers.  This time this crisis, like those plaguing so many other industries lies in the tangled web of supply chain issues that is challenging manufacturing, industries and economies across America and the continent.

In the United States, the auto industry has been hit particularly hard.

The nation’s largest automaker and the rest of the global auto industry have been sporadically shutting down plants since late last year due to the semiconductor shortage, which has cut supplies on dealer lots and driven new vehicle prices to record levels. To be sure, production still isn’t back to normal because some of the factories will only run on one shift per day. Phil Amsrud, senior principal analyst for IHS Markit who studies the chip market, said GM’s move is a good sign, but doesn’t signal the end of the chip shortage. “It’s just not a sign that the patient is through all the rough spots and it’s a matter of weeks before they’re released from the hospital,” he said. October 22 - Associated Press   There has been a lot of coverage, and a lot of questions asked as to how this happened and what it will take to untangle the mess. 

And that’s where experts from Augusta can help with coverage.

"There are several factors but the main themes are suppliers inability to react to the increased demand, and governmental policies and responses,” explains Dr. Mark Thompson an economist and expert regarding the industrial issues facing America.  “When COVID initially hit, demand dropped considerably.  As it relates to the shortage of computer chips, what do you think consumers were demanding during the early phase of COVID...computers, laptops, handheld devices, etc.  Technology companies responded and chip manufacturers switch to produce these items.  Now, as consumers demand for new cars pick up, there is a shortage of the chips necessary for new cars.  As it relates to government intervention, the stimulus has also increased demand for various goods and services furthering the shortage."   As for how long will it take for America to see the supply chain replenished?

"Good guess,” says Thompson. "I would say that we should expect to continue to see these shortages through the rest of 2021 and part of the way in 2022." If you’re a journalist covering the ongoing supply-chain issues – then let our experts help with your stories.

Dr. Mark Thompson is an economist with highly accomplished work in business conditions, risk analysis, energy and the healthcare industry. Dr. Thompson is available to speak with media regarding the economic and industrial issues facing America during this supply chain crisis - simply click on his icon now to arrange an interview today.



What can America expect as supply chain issues leave the auto industry stuck in park?

We hear about the exciting programs from Interim Dean Mark Thompson.

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