According to the Wall Street Journal, consumer prices are the highest in 40 years. It certainly doesn’t seem to be letting up. In fact, with the Russia-Ukraine war, there will be continued inflationary pressures on products related to oil, gas, commodity, and food at a minimum.
Lisa Anderson, Manufacturing and Supply Chain Expert and President of LMA Consulting Group, talks about the coming months and keeping an eye on cash balance."Proactively managing cashflow is critical right now".
Inflation has taken root. Businesses everywhere are dealing with annualized cost increases of nearly seven percent--the fastest pace in 40 years and significantly higher than the 1.8 percent average of the past decade. The resulting upticks in operating costs can cause serious damage to the bottom line.
We have entered a new era of with inflationary pressures. It started during the pandemic due to limited supply, but it has been spurred on with the rising oil and gas prices, commodity shortages, and rising food prices. Navigating successfully through these inflationary times will make the strong companies [...]
According to Thomas, 83% of manufacturers are likely or extremely likely to reshore vs. 54% in 2020. What an increase! Apparently, companies have figured out that there is significant risk in the extended supply chain. Companies have experienced extended lead times, shortages, and significant disruption. The ones that want [...]
Awards honor outstanding consultant, achievement in creativity & innovation CLAREMONT, CA—The Society for the Advancement of Consulting® (SAC), a leading association of global consulting professionals, announced today that nominations are now open for its an annual award honoring consultants who have advanced the profession in the previous year. The [...]
Inflation rose to 7.9% in February and continues to soar! Russia invaded Ukraine and trade has been halted. Oil and gas prices will continue to rise and seem to have no end in sight with some saying it will get to $200 a barrel.
The new driver went over and beyond to make our trip extra special since we had to wait a few hours. He took us to places he doesn't usually go, made sure that we got airport cookies (a "thing" in Catalina) even though the staff already clocked out to catch a ride down the hill (and so gave them to us for free), and generally made it an interesting trip. Value added service mattered!
"There's no getting caught up anymore”, explains Lisa Anderson, Manufacturing and Supply Chain Expert, President of LMA Consulting Group Inc. Companies of all sizes are working hard to minimize the effects on our grocer bills.
Happy New Year! First, let's start with a BIG THANK YOU to our clients, colleagues, partners, family and friends for a fabulous 2021. VERY hard to believe it is 2022. Here's to COVID phasing out quickly so we can get back to a more typical daily life. It is a time of hope and optimism for new opportunities in 2022. Are you ready to accelerate business and personal growth?
