Manufacturers are experiencing continued inflationary pressures threatening customer service and profit margins with record-breaking price increases and lack of material availability. To add fuel to the fire, they are also starting to worry about preparing for a potential recession.
According to the Wall Street Journal, consumer prices are the highest in 40 years. It certainly doesn’t seem to be letting up. In fact, with the Russia-Ukraine war, there will be continued inflationary pressures on products related to oil, gas, commodity, and food at a minimum.
If there is one thing in common with every client (big or small) in the current business environment which is characterized by significant volatility and uncertainty, it is the increased level of complexity of supply chains. As the old saying goes, you are only as strong as your weakest [...]
Our most successful clients are constantly thinking about how to thrive in ever-changing, volatile conditions. They cannot afford to wait to see what is working for their competitors and then go "all in". Instead, only those who are resilient, innovative, and thinking five steps ahead will thrive in the next decade.
Volatility started with the pandemic and has been exacerbated by weather disruptions such as the Texas storms, labor shortages throughout the world, accidents such as the ship that got stuck in the Suez canal, and wars such as the Russia-Ukraine war. The bottom line is that demand volatility is [...]
The end-to-end supply chain challenges are exacerbated with the great resignation comments Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc.
Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., talks about how to cope with the turmoil and its effect on manufacturers, their suppliers and their customers.
Lisa Anderson, founder and president of LMA Consulting Group Inc., offers advice on how supply-chain managers can function efficiently in a time of deep uncertainty – and why's it's vital to achieve visibility of both customers and suppliers. The first step toward stabilizing the supply chain is to reach out [...]
July 19, 2020 The most recent webinar in our APICS Inland Empire webinar series featured Frank Moullet from Shamrock Foods talking about distribution, food service and how they've navigated through COVID-19. We had an engaging discussion on how they made a sharp right turn pivot early on and [...]
CLAREMONT, Calif., June 1, 2020/ExpertClick/— Ongoing change and volatility look certain to be with us until the end of 2020, and possibly beyond. According to The Society for the Advancement of Consulting® (SAC), businesses should move quickly to maintain or grow leadership positions in this uncertain time. Master Volatility [...]
