I recently went to Austin, TX to speak at the MPO (Medical Product Outsourcing) Summit on reshoring and nearshoring in the medical device industry. While deep diving into the healthcare products/ medtech industry, I took a few days to see the sites of Austin. See below for a few of my favorites including an incredible skyline.
As businesses struggle in this new era of VUCA (volatility, uncertainty, complexity, and ambiguity), the divide between short term and long term seems to increase.
Reprinted with permission from GLOBAL REPORT CONSTRUCTION EQUIPMENT & TECHNOLOGY 2022 Supply chain complications are more than just an inconvenience to the construction equipment manufacturing industry. Successfully navigating the supply chain has never been more essential to the financial health of our industry and the difficulties involved are creating [...]
Lisa Anderson facilitated a panel discussion at the New England Supply Chain Conference and Exposition on managing capacity in complex and volatile environments with Shari Ruelas General Manager of Commercial Products Chevron, Alejandro Bustamante Senior Advisor to CEO & Board of Directors of Poly/HP, and Dan Raatjes SVP & COO King's Hawaiian Holding Co.
Logistics costs have been staggering. According to the 33rd Annual State of Logistics report produced by the Council of Supply Chain Management Professionals by the global consulting firm Kearney and presented by Penske Logistics, U.S. business logistics costs rose by 22.4% last year.
Sustainability has become popular with consumers, employees and an imperative of large companies. After all, who wouldn't want to participate in saving the planet? In fact, I was interviewed for an Earth Day special "Our Changing Climate" (you'll see me featured in a few segments around 20 minutes in). From a corporate perspective, according to IBM Institute for Business Value, 51% of CEOs now rank sustainability as their greatest organizational challenge.
Lisa Anderson participated on a panel discussion to discuss nearshoring in the Medtech industry with Steven A. Colantuoni, Director of Corporate Marketing, The Central American Group, Yarisol Lopez, Deputy Executive Director, National Free Zones Council of the Dominican Republic, and Carlos Wong, Managing Director, Coyol Free Zone (Costa Rica).
Made in the USA! Instead of fiddling around dipping our toes in the water, we should put a full court press on expanding manufacturing in the USA. Why? Let's just consider a few questions: Should we put our eggs in the China basket? Only if you enjoy substantial risk... [...]
Experts advise looking at the coming months with an eye toward estimating what will happen to cash balances. "Proactively managing cash flow is critical right now," mentions Lisa Anderson, president of LMA Consulting Group.
"There is no doubt that tech manufacturing wants to move out of China. They cannot afford the risk of continued disruption to supply, and they want to gain better control over their ability to serve customers," said Lisa Anderson, President of LMA Consulting Group."
