CLAREMONT, CALIFORNIA – October 29, 2024 – Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., and a recognized leader in manufacturing and supply chain strategy, highlights the urgent need for manufacturers and supply chain leaders to address growing vulnerabilities within their supply chains as cyberattacks and security threats intensify globally. With recent high-profile attacks on critical U.S. infrastructure and consumer devices by China-linked hackers, the risks facing interconnected supply chains have become more pronounced than ever.
“Supply chains today are deeply interconnected through ERP systems, IoT devices and extensive networks of suppliers, contractors and service providers,” says Ms. Anderson. “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.” The recent “Salt Typhoon” hacking campaign, targeting U.S. internet providers and consumer devices, is the latest reminder of how bad actors can infiltrate valuable networks and disrupt operations.
Vulnerabilities within the supply chain are not limited to direct suppliers but extend to secondary and tertiary suppliers, third-party logistics providers and even trusted advisors. A proactive approach is essential to identifying weak links and mitigating potential threats. “Executives must understand not only their own suppliers but also their suppliers’ suppliers, related security protocols, and any geographic or political risks,” she explains. “By prioritizing risks and proactively addressing them, companies can better protect their operations, ensure business continuity and focus on profitable growth.”
In addition to assessments, LMA Consulting recommends strategic actions to build supply chain resilience, including expanding manufacturing, reshoring, friendshoring, vertical integration and implementing a robust Sales, Inventory and Operations Planning (SIOP) process. “The smart money is on taking control of your supply chain,” says Ms. Anderson. “We’re seeing proactive clients move manufacturing closer to home, improve process efficiencies and formalize partnerships with key suppliers to maintain stability in an unpredictable landscape.”
One of the most effective strategies to navigate these risks is the SIOP process, which provides companies with a proactive framework to address supply chain vulnerabilities. “SIOP keeps a close watch on demand, supply, and associated risks, allowing companies to adapt quickly to changing conditions,” Ms. Anderson adds. LMA Consulting’s recent special report, FutureScape: Crafting Tomorrow’s Supply Chain Today, delves deeper into these strategies, offering businesses actionable insights for building resilient, responsive supply chains amid today’s challenges.
About LMA Consulting Group – Lisa Anderson, MBA, CSCP, CLTD
Lisa Anderson is the founder and president of LMA Consulting Group, Inc., specializing in manufacturing strategy and end-to-end supply chain transformation. A recognized supply chain thought leader, Ms. Anderson has been named a Top 40 B2B Tech Influencer, a Top 16 ERP Expert to Follow, among the Top 10 Women in Supply Chain, in the top 55 Supply Chain & Logistics Experts and a woman leader in Supply Chain. She is the author of “I’ve Been Thinking,” a primer that offers strategies for creating bold customer promises and profits. She is an expert on the SIOP process and has published an ebook. SIOP: Creating Predictable Revenue and EBITDA Growth. Ms. Anderson was most recently interviewed by Bloomberg, Inc. Magazine, the LA Times, PBS and the BBC. For information about the Supply Chain and to sign up for the LMA Newsletter, LMA Consulting Group.
###
Media Contact:
Kathleen McEntee, Kathleen McEntee & Associates, Ltd., (760) 262 – 4080, KMcEntee@KMcEnteeAssoc.com