The economy is facing headwinds with high inflation, interest rates, and concerning employment numbers. The world is on high-risk alert with the Russia Ukraine war, and the Israel Hamas war, which has expanded to Hezbollah.
Supply chain is in a state of volatility, uncertainty, complexity, and ambiguity (VUCA). Whether you look at the impacts related to wars and chokepoints throughout the world, the uncertain economy and resulting backlogs, or the uncertainty of the reliability of key sources of supply [...]
Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., warns of the growing risks facing supply chains due to potential logistics strikes in both the United States and Canada. As negotiations between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) continue and the Canadian [...]
Volatility, uncertainty, complexity, and ambiguity (VUCA) continues to rage and threaten manufacturers and supply chain chain organizations. The VUCA threshold skyrocketed during the pandemic, and it has not returned to normal.
There is such a wide range of shocks that can happen to your supply chain and to the demand for what you’re making. Can you ever truly prepare? What kinds of projections are most useful, and how can you set yourself up for success if you do have the ability to anticipate a surge in demand?
During a discussion with manufacturing and supply chain professionals at the Association of Supply Chain Management chapter of Orange County, California, we reviewed the top supply chain challenges impacting clients and colleagues around the world.
With the significant amount of disruption in the global supply chain, companies have started to focus on what could help them better weather the storm.
Lisa Anderson, a supply chain expert and consultant who founded LMA Consulting Group, says projecting future demand is paramount when facing a demand surge.
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.
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.
