In step change progress to depending on China (who has been unreliable in supplying critical minerals), a strategic partnership has been developed to replace this dependence for antibiotics. Not many companies can take over manufacturing of extended supply chains and scale up adequately. Thus, strategic partnerships can provide the resources and investments to scale and succeed.
Supply chains are evolving at a rapid pace as global risks increase. To achieve success with this transformation, companies must roll out advanced technologies and develop strategies to mitigate down-the-line risks and impacts such as access to critical minerals and energy.
As geopolitical unrest, natural disasters, and shifting trade policies upend global logistics, resilient companies are transforming their supply chains to gain competitive advantage and ensure growth.
Tariffs continue to cause great stress in the financial markets and with certain industries. In fact, it divides manufacturers from distributors, logistics, and goods movement industries largely dependent on imports and trade.
Companies are pursuing a global reconfiguration and reallocation of resources and upgrades to secure their medtech supply chains.
Lisa Anderson, president of LMA Consulting, participated in a panel discussion on the garment industry to discuss the current status, expected tariffs, implications, and strategies for success.
Moving manufacturing to the U.S. is no simple task. Capital, labor, and automation determine who can succeed—and who gets left behind.
Over the last two weeks, we participated in three supply chain summits, conferences and/or annual meetings (with a west coast bent), and so we thought we'd pass on the key highlights and action items most relevant to our clients and colleagues.
In this Supply Chain Byte, Lisa Anderson, President of LMA Consulting Group, highlights why energy is at the core of everything in supply chain and manufacturing. From powering automation and AI to driving production and logistics, energy access and strategy are critical to growth. As demand soars, companies must rethink how they plan, invest and prepare for the energy needs of tomorrow.
The most important strategy to minimize the impact of sudden tariff changes is to create a resilient supply chain. Addressing tariffs requires a short-term and long-term strategy. In the short term, you must stay ahead of changing conditions, enhance your supply chain visibility so that you know the origin and risks of your end-to-end supply chain and be ready to move rapidly.
