Manufacturing Expands at Fastest Rate Since 2010
According to the Institute for Supply Management's Manufacturing Purchasing Managers' Index, manufacturing is on an upswing.
Manufacturing Gains
As one of the panelists at the Manufacturers' Summit last week said, "Have you ever seen manufacturing in the news more than it has been lately?" Quite an intriguing point.
Manufacturing is on the Rise
Just because many manufacturers are seeing a positive outlook to the future doesn't mean it will turn into a reality unless we back up the talk with action.
Near-shoring to increase in USA
A recently released study by Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., indicates that 70% of US manufacturing executives expect near-sourcing to increase within the next five years.
Manufacturing Innovation
Manufacturing innovation is the highlight at this summit, where creative solutions and industry trends will be the focus.
Study Predicts Near-Sourcing Will Increase
Manufacturers considering insourcing to the U.S. and near-sourcing options to Mexico and other closely located countries because of the Amazon effect -- the need for rapid response to customer needs.
MacGyver Solutions & Using Under-Utilized Assets
I have solved countless challenges with minimal expertise in the particular subject area some thought was required when several experts with the equivalent of "Harvard PhD's" in that subject area couldn't. The MacGyver solution worked.
Crowdsourcing is “In”
It is worth considering at least being aware of the power of crowdsourcing. Crowdsourcing can apply to all business and social interactions.
Outsourcing, Insourcing or Near-Sourcing?
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI.
Technical Innovation & Japan’s Bullet Train
While in Japan last week, I had the opportunity to ride the bullet train three times - and, even waited to go back to Tokyo from Mt. Fuji to see it whiz past since you cannot see it in action in Tokyo as a terminal station - simply amazing [...]