A building products company missed several million dollars in revenue last year because they couldn't meet the demand. Unfortunately, this was a common occurrence. Sales increased dramatically, and they couldn't scale up their manufacturing operations and adapt their purchase requests quickly enough to take advantage of the opportunity.
The global supply chain situation remains in a constant state of chaos. $1 billion of goods flows through the ports per day, and so there is a BIG ripple effect on the supply chain. Although there is a lot of talk and action by various groups to improve the [...]
2021 was plagued with shortages. As discussed in clients’ demand planning/ forecasting meetings, history is not representative of the future. In one example, the client experienced material shortages and couldn’t sell what customers requested, and so carrying that forecast into the New Year would deliberately carry that issue into 2022.
Supply chain disruptions and shortages continue to plague the news. Unfortunately, as I said in a recent press release, there is no end in sight. I thought this topic was worth addressing as it has been particularly frustrating lately. I went to Starbucks recently. After getting stuck in a [...]
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?
It is obvious we are having significant supply chain disruptions, and I recently talked with FOX Live Now about these issues. We discussed what caused these shortages, what's going on with the labor shortages, whether it will impact the holiday season, which industries are most impacted, how long [...]
We are in peak season in a peak year. Capacity is limited across the board. From a supply chain perspective, there is extremely limited availability of containers, chassis, port resources, trucks, warehouses, etc. From a manufacturing perspective, it isn't much better as materials, supplies, people and more are in [...]
According to a recent National Association of Manufacturers (NAM) survey, the vast majority (88%) expect sales, production and prices to increase next year despite the supply challenges. In working with clients across multiple industries such as biotech, building and construction products, and food and beverage, there is no doubt [...]
According to Industry Week, Toyota has cut production by 40% due to supply challenges. In addition to the semiconductor chips, COVID is raging in Southeast Asia, causing further supply chain challenges. The bottom line is that there are widespread supply chain challenges!
According to Reuters, manufacturing gained significantly during the pandemic and remains strong.
