Medtech companies’ focus on supply chain resiliency and mitigating supply chain risk has increased over the last few years as the pandemic triggered extended lead times, delays, and rising costs.
According to the Hackett Group, 77% of companies have strengthened their commitment to digital transformation due to the COVID crisis. In fact, they are not only strengthening their commitment, but the pace of adoption is increasing. A McKinsey survey found that the pandemic has significantly accelerated the pace of [...]
“There’s a lot of things you can do these days with IoT and technology to better monitor the vehicles and its drivers” comments Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc.
I’ll be talking more and more about the digital transformation as it will impact every client in a substantial way. Recently I met with a significant, regional CPA firm’s manufacturing and technology experts.
"As manufacturers realize what can be achieved with technology such as AI, IoT, robotics, and additive manufacturing, they are sourcing manufacturing closer to the customer to create a customer experience advantage (rapid customization and delivery) with a lower cost base" points out Lisa Anderson, president of Claremont, CA-based LMA [...]
Explore the importance of strategic technology investment in today's high-tech landscape for business success.
Recent predictions say we are headed into the year where technology gains critical mass! That is truly exciting for manufacturers as people and robots work in collaboration to achieve profitable growth and success.
Should I really invest time and resources into technologies I don't know will pay back? For example, there is a lot of conversation about the value (or lack thereof) with blockchain, IoT, AI and more. This concern continues to arise and is on every executive's mind.
There is a lot of interest in IoT as it relates to connecting equipment, vehicles and more; however, it is a more complex topic with multiple vendors involved.
To think about what's ahead in technology, it is important to put it in perspective with what's ahead in business.
