The Future of the Supply Chain – Thriving into 2024
A lack of visibility, labor shortages, and surging shipping costs make navigating the supply chain feel impossible.
A lack of visibility, labor shortages, and surging shipping costs make navigating the supply chain feel impossible.
There has been a run of strikes or threats of strikes lately with the latest UAW strike impacting the Big 3 automobile manufacturers. If it lasts longer than a few days, there will undoubtedly be a huge impact on the end-to-end supply chain as well as the economy.
The awareness of the importance of international supply chains has grown in recent years, not just among the business fraternity, but more widely in the media, among politicians and ordinary citizens as well.
Executives are struggling to keep up with inflationary raw material prices, elevated customer requirements, margin pressures, and the lack of people to fulfill key roles. Thus, they are looking to their ERP system and related supply chain technologies for answers.
ERP and related technologies should only be a priority if you want to grow and succeed for decades to come. If not, it will be the same as if you said you wanted to stick with the horse and buggy instead of leaping into a Ford.
Manufacturing is on a downward trend after eight months of PMI (purchasing manager's index) below 50. It dropped to 46 in June. China's manufacturing also shrank for a third month in a row to a PMI of 49. Yet manufacturers backlogs remain relatively robust in many industries, leading executives perplexed on what to do about capacity shortfalls.
Unlocking Success: A Comprehensive Guide for CEOs and Executives on Hiring a Supply Chain Consultant. Discover the key steps, expert insights, and crucial considerations to navigate the complex process of selecting and engaging the best supply chain consultant for your business. Gain a competitive edge, optimize efficiency, and drive growth with this indispensable resource.
Snarled supply chains throughout 2021 had industry hoping 2022 would be smoother, yet analysts said it would last into 2023 or longer. Lisa Anderson offers her insights about how 2023 is looking.
Lisa Anderson predicts that the next few years will separate the market leaders from all others. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and enable profitable, scalable, dramatic business growth.
In this episode of Interlinks I am joined again by my colleagues from the supply chain special interest group of the Society for the Advancement of Consulting to discuss the issues of energy security and geopolitical change and how they are influencing the thinking of business strategists and decision makers as the look to design and configure the supply chains of the future.