According to a survey by FTI Consulting, 78% of survey respondents said they'd be willing to pay more for the products if the company that made them moved production out of China. Certainly, it depends on how much more, but we've seen a transition in the commentary of the value of reshoring. [...]
If you aren't seeing the end-to-end supply chain as strategic, you will miss your opportunity to get ahead of the competition and grow as rapidly as you otherwise could! How quickly can you scale with increasing sales volume? [...]
Since 2020 was certainly a year of exceptions, when I started thinking about publishing a predictions report for 2021, I thought it was better to evolve it to what would be most meaningful to clients and colleagues for the year ahead. Thus, we repositioned to focus on key lessons [...]
As we see which companies emerge stronger from COVID, it is becoming apparent that those with a resilient supply chain and strong supply chain partnerships thrive while the rest are coming out in a weakened state. Of course, the situation has not stayed the same - those constantly changing [...]
In thinking about the surge to local for an interview for an SAP Insights article "For Resilient Supply Chains, Think Local", there is no doubt the pandemic has pushed manufacturers to re-think their extended supply chains. When they suddenly couldn't support key customer needs, manufacturers [...]
As I wrote in this month's Brushware magazine (page 20), manufacturing is trending to digital. We were already on this path the last few years, and it accelerated 5 fold during COVID. According to the Hackett Group, 77% of companies have strengthened their commitments to digital transformation [...]
Although I meant this phrase in reference to 2020, there is no doubt 2021 will also be a pivotal year for manufacturing and supply chain. The pandemic created significant disruption yet it also created VAST opportunities for those already prepared and/or resilient and innovative. Customers [...]
I was recently quoted throughout an article in SelectHub "Manufacturing Trends: Leveraging Software and Tech to Maintain a Competitive Edge", and so it has been top of mind. Software and technology will be cornerstone to success as we emerge from the coronavirus pandemic. For example, according to the Hackett [...]
I participate with a group of the top 1% of consultants worldwide (the Society for the Advancement of Consulting), and we hosted two panel discussions on Reshoring in a Post COVID World. I moderated the first session with consultants from North America and the Pacific Rim, and there was another [...]
As manufacturers and distributors emerge from the coronavirus pandemic, they are focused on how to grow revenue and become more efficient and profitable to offset the typically negative impacts of COVID. In the situations where business has grown exponentially in consumer industries such as B2C (e-commerce), home improvement and [...]
