Industrials & Manufacturing Roar Back Although manufacturing has been in a slump for the two years, industrials and manufacturing have roared back. Industrial production has been up for three months in a row, and it surged to its highest ever recorded rate in February. This data aligns with [...]
Manufacturing in the U.S. is gaining momentum, and businesses that aren’t prepared will struggle to keep up. According to Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group, Inc., the resurgence will be fast and powerful, with companies that are ready to scale reaping the greatest benefits.
"Trump is utilizing tariffs as a negotiating tool in support of his agenda. Although most of what is communicated as potential tariffs is unlikely to go into effect for extended periods of time, tariffs will be rolled out in the next few months." Lisa Anderson is quoted in this article from PYMNTS.
Manufacturing is starting to take flight. The resurgence will be powerful and fast. As a well-connected business executive and trusted advisor mentioned recently, when manufacturing takes off, you will not be able to keep up if you aren't already on top of it.
What does the election mean for manufacturing and supply chain? Will it be a continuation of the status quo, a surge for manufacturers, or a further dampening of the economy?
Lisa Anderson highlights the urgent need for companies to address vulnerabilities in their supply chains as global instability continues to escalate. The recent attacks in the Middle East, where hundreds of pagers used by Iran-backed Hezbollah exploded in Lebanon and Syria,
Hundreds of pagers used by Iran-backed Hezbollah exploded in Lebanon and Syria. It appears to be a part of a plan of sophisticated, deadly attacks that targeted specific people, leaving 12 dead and thousands injured.
Lisa Anderson, a supply chain expert and president of California-based LMA Consulting Group, says that the Chips Act "has spurred on certainly quite a bit of investment" in the US electric car sector. And Mexico is also booming through 'friend shoring'. ### Why firms are bringing their manufacturing back home [...]
The supply chain has calmed down since the height of the pandemic; however, smart manufacturers are thinking ahead to changing conditions. Geopolitical risks are at an all-time high.
Manufacturing promotes safety and security and mitigates risk. Controlling your supply chain and mitigating geopolitical risk can become paramount overnight as geopolitical events occur, natural disasters emerge, and supply chain challenges arise (strikes, disruptions, shortages).
