How Is Demand Looking & the Critical Importance of Sales Forecasts
Industrial manufacturers are experiencing slumps across the board. The good news is that customers are not canceling orders; however, they are delaying BIG TIME.
Industrial manufacturers are experiencing slumps across the board. The good news is that customers are not canceling orders; however, they are delaying BIG TIME.
There is a trifecta of supply chain vulnerabilities, disruptions, and risks creating volatility, uncertainty, complexity, and ambiguity (VUCA) in the business environment. From supply chain vulnerabilities like the ones exposed in the Middle East war to the heightened risks that emerged with Hurricane Helene [...]
Disruptions abound no matter the supply chain. Aerospace has been particularly hard hit. Boeing's issues have plagued them the entire year.
Companies can mitigate the volatility caused by labor disputes by rethinking sourcing strategies, upgrading planning processes, and using advanced technology.
A single weak link can expose the entire supply chain to significant risks, which is why it’s crucial for companies to proactively assess and secure their end-to-end operations.
Supply chain is rife with disruptions, and it’s not going to change any time soon.
The Wall Street Journal reported that China-linked hackers breached U.S. internet providers. This hacking campaign termed Salt Typhoon is the latest attack into valuable computer networks.
Hurricane Milton has blown through Florida. In addition to continuing havoc since it occurred close behind Hurricane Helene, it has created further supply chain disruptions that will have ripples throughout the globe.
All it takes is a month on the ropes to potentially crash your business, Lisa Anderson warns in this article for Inc.
Given the uncertainty of the economy creating extreme push outs and pull ins with customer orders, only those companies that can successfully deal with uncertain and changing conditions can thrive. Better utilizing ERP, quoting, and CRM systems to automate planning and scheduling processes enables quicker pivots to satisfy changing customer conditions with greater stability for operations.