Navigating Through Volatility Webinar Series

April 6th, 2020

Clients, Colleagues, Business Partners & Friends,

As you know from our recent newsletter, we are providing several resources for businesses and individuals to help navigate this coronavirus pandemic AND prepare for when business ramps back up. Manufacturing and supply chain professionals have a particularly challenging job as we navigate how to meet customer needs, keep the business running during these volatile times (or moving forward in whatever way possible) and prepare for the future.

Because we wanted to provide strategies, ideas and tips for how to navigate through this period successfully, we have sponsored the Association for Supply Chain Management (APICS) Inland Empire Chapter‘s “Navigating Through Volatility” webinar series. The APICS Inland Empire Chapter has been working hard behind the scenes to bring together resources that can further support your efforts in a webinar series designed to bring practical perspective, guidance and information on a range of topics to manufacturing and supply chain leaders.

Upcoming Webinars include:

For more information about our upcoming webinars, visit the APICS Inland Empire website.

We will be adding webinars as we confirm speakers. If you are interested in a topic that you do not see, please let us know so that we can reach into our networks to find an expert in that area. You can register for the webinars using the registration links above or with the links included on our website. 

At LMA Consulting Group and APICS Inland Empire Chapter, we are here to provide practical value and resources to our clients and members. We hope you find this webinar series of value during these unprecedented times and wish that you and your families are safe and healthy.

Lisa Anderson

President

 



Where is the Toilet Paper?

April 6th, 2020

I started receiving calls after the lockdown with the key question on reporters’ minds, “Where is the Toilet Paper?”. Thus, I thought I’d share a few conversations with you. First, I was on Rip City Sports Radio about just this topic. It was a lot of fun! I love the fact that we talked about toilet paper on sports radio!

Next, I was on Supply Chain Chats on the supply chain implications of coronavirus. Of course, we talked about toilet paper as well, and we went into more detail about the supply chain impacts and potential lasting effects.

Last but not least, toilet paper is also of keen interest in written news. I was quoted by the Santa Clarita Valley Signal on “Restocking shelves amid the novel coronavirus” and I’m thrilled to be quoted in a positive article related to toilet paper by Courthouse News Service, “Texas Grocery Chain Does a Bang-Up Job Against Coronavirus“.  Did you ever think we’d have so many conversations about toilet paper?One Tip to Implement This Week:

I’m in the process of putting together a whitepaper / e-book on successfully navigating the manufacturing and supply chain impacts of coronavirus, and so stay tuned. With that said, all the conversation about toilet paper brings up the significant impact of spikes in demand on the supply chain. We have been schooled for quite some time to think about lean philosophies. If you took that literally, you would be out of toilet paper almost immediately as supply shortages arose due to the spike in demand.

Thus, my first tip is to remember common sense. Don’t take any concept literally or 100%. It doesn’t matter if it is good or bad, anything in extreme is likely to have gaps. Instead, listen to the experts and apply common sense for your situation, your team, your family etc.  As my brother said, I guess this is when his hoarding tendencies come in handy! But, of course, hoarding in general creates a new set of problems.

Stay safe and healthy. We continue to post coronavirus resources, write blog articles on navigating coronavirus as well as “beyond lockdown” strategies, and we are sponsoring APICS Inland Empire‘s “Navigating Through Volatility” webinar series. Join us and learn more here. As an executive director of SAC, we are also hosting a “Thriving Through Ambiguity” webinar series with a nominal fee for non-SAC members. Let us know if you have topics you’d like addressed. We would love your feedback.



Featured on Supply Chain Chats about Coronavirus & Where We Go From Here

April 5th, 2020

I was featured on Netstock’s “Supply Chain Chats” about the coronavirus impacts in the supply chain, latest trends and what changes might occur long-term due to the coronavirus challenges. We talked about the bullwhip effect and how companies are likely to respond. See the video here.

For additional coronavirus information, resources and strategies, please visit the coronavirus resources section of our website.



Quoted in Courthouse News Service About the Success of a Supermarket During Coronavirus

April 4th, 2020

I talked with the Courthouse News Service about the supply chain impacts retailers are experiencing with the coronavirus pandemic, and was quoted in their article “Texas Grocery Store Chain Does a Bang-Up Job Against Coronavirus”. It is an uplifting story about a supermarket that is navigating this crisis successfully, and it speaks to preparation and collaboration. I love that they struck deals with their beer distributors to help deliver eggs. The food industry is somewhat used to these types of issues with recalls etc.; however, it is great to see H-E-B do well! Read the article here.

For additional coronavirus information, resources and strategies, please visit the coronavirus resources section of our website.



Should We Prioritize or Deprioritize Innovation & Technology During the Coronavirus Pandemic?

April 3rd, 2020

What is the first thing that happens when a client is shutdown due to the coronavirus? Cut all unnecessary spending. Certainly, I agree with this approach in most situations. If you cannot pay for your employees, you shouldn’t pay for unnecessary expenses! However, if the situation isn’t dire, it might just be an opportunity to refocus on innovation and technology.

There are well-regarded statistics about the Depression and the Great Recession that those companies that invested while everyone else cut back were significantly more successful following the recession. Of course, it depends on whether you are investing in what will be needed as the lockdown ends or if you just continue with your prior plans because they were well-thought out previously. All bets are off! You must re-review your strategies, business plans and associated investments with the ‘new world’ in mind. Ask your executive team and key partners questions:

  1. What will have changed as we emerge from lockdown?
  2. What opportunities will it present for your customers?
  3. What new roadblocks will exist for your customers?
  4. Is there an opportunity for new customers?
  5. Do you have an opportunity to expand to new markets?
  6. What products and services will be needed?
  7. Can you get ahead of the competition so you’ll be out of the gate at 200 mph instead of crawling at a turtle’s pace?
  8. Will you need to re-tool?
  9. What skills will you need?
  10. What technology will you need?

Challenging times can create opportunity with innovation and creativity. Innovation will fast-track growth and profits. When has there been a better time to innovate? Although we started our innovation series a while back and have always been involved with encouraging innovation (such as the Manufacturers Innovation Awards), we are going to start adding content to encourage clients to focus on innovation since we think this is a critical time to ramp up your focus on innovation.

Innovation doesn’t have to involve technology as it could simply involve repurposing, repackaging, or repositioning. In fact, there is very little that is truly ‘new’. How often does a client invent something new like the sticky note? Certainly we hope a new vaccine will be developed rapidly, but many industries will simply come up with new ways of doing things and that type of innovation will fast-track growth and profits. The only precursor is whether you have an innovative culture. Now that is something we can control, and it doesn’t have to require capital or cash.

Why not put your top talent on an innovation project while under lockdown/ social distancing? There is plenty that can be accomplished via Zoom, and you might just be thrilled with the results. From all accounts, it appears as though the recession will be short-lived and in a V shape with a rapid recovery. Will you be ready to take advantage of the opportunities?

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