Although Manufacturing Declined, the Smart are Planning for a Renaissance
According to the ISM, "The Manufacturing PMI", a measure of manufacturing activity, registered at 48.5% in June, which is a decline from 48.7% in May.
Managing Inventory and Cost to Navigate Economic Turbulence
The world faces economic headwinds. According to the Economist, Europe’s economy only grew at 4% this decade as compared with 8% of the United States and is struggling with a triple shock of the energy crisis, surging Chinese imports, and the threat of tariffs from the United States.
Disruption & Risk are the New Normal: Succeeding with Resilient Supply Chains GalleryDisruption & Risk are the New Normal: Succeeding with Resilient Supply Chains
In The News, Media, Podcasts, Supply Chain (End-to-End), Supply Chain Briefing, Supply Chain Optimization & Collaboration, Videos & Podcasts
Disruption & Risk are the New Normal: Succeeding with Resilient Supply Chains
There is substantial geopolitical risk with China. Look no further than the South China Seas. Philippine officials say Chinese forces seized two naval boats in a disputed South China Sea shoal. A few days prior, a Philippine ship and a Chinese vessel collided. It is a risky situation in the South China Seas.
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain GallerySupporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
In The News, Manufacturing, Manufacturing Scalability & Resource Planning, Media, Supply Chain (End-to-End), Supply Chain Optimization & Collaboration
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
Takeaways & Insights from SAP Sapphire Event
Modern ERP No Longer Enough Although we have been emphasizing the need for a modern ERP system to meet continually evolving customer expectations, modern ERP alone is no longer enough. To thrive in the next decade will require business AI (artificial intelligence) to be embedded throughout your ERP system, [...]
Succeeding with Regional Manufacturing & Optimizing Supply Chain
The risk of China has increased dramatically over the years. Early on, executives were concerned about intellectual property theft. Although that is still a concern, there are much bigger issues.
Diversify to Thrive in Manufacturing & Supply Chain
If you are dependent on any region, non-friendly country, customer, supplier, material, or anything noteworthy to your success, you must diversify. Although this concept has always been true, the pandemic highlighted the critical importance. Some companies simply lost their source of supply overnight and have not recovered if not diversified.
UPS Wins USPS Business with Regional Approach
According to UPS's CEO, UPS’ network flexibility gave it an edge over FedEx in landing a deal with the U.S. Postal Service. Instead of following a hub-and-spoke model to service the USPS, UPS can use its regional gateways to support the local and regional requirements of the USPS customers.
Supply Chain Disruptions & Chokepoints Dominate
The latest Francis Scott Key Bridge collapse has caused massive diversions on the East Coast and in the Baltimore region and points out the need for backup sources of supply and agility in the supply chain.
What is Your Demand Plan? Sales Strategies for Success
Sales strategies and customer programs are pivotal to developing a demand plan in support of sales revenue growth goals. SIOP (Sales Inventory Operations Planning) will translate these sales forecasts into operations and supply plans for review with cross-functional teams to ensure the sales plans are fulfilled successfully and efficiently.