One of the strategies to better plan for the future so you aren’t caught up in what appears to be a never-ending supply chain debacle is to reevaluate your manufacturing and supply chain footprint. Should you re-shore? Near-shore? Partner with suppliers in the region? In essence, the bottom line is you should reevaluate your end-to-end supply chain and determine what makes sense in your situation to be resilient to changing customer conditions while maintaining/ improving profitability and increasing working capital. I recently talked with Bloomberg about these issues (fast forward to 10:15 to view my segment). I’d love your feedback and insights on this topic.
What Should We Consider and/or What Impacts Could Arise?
What better to answer your questions than to listen to the interview. Fast forward to around 10:15. Click image below to watch the video.
Please keep us in the loop of your situation and how we can help your organization successfully navigate the current volatility and, more importantly, emerge above and beyond. Several of these types of topics are included in our new eBook Emerging Above and Beyond: 21 Insights for 2021 from Manufacturing, Supply Chain & Technology Executives. Download your complimentary copy.
