Category: I’ve Been Thinking

The Value of Diversity

July 5th, 2020

Diversity has always been core to success. Are you gaining different viewpoints? It has certainly been proven that deliberately bringing diverse viewpoints into projects and teams will lead to greater levels of success. Men will have different perspectives than women. People with different nationalities and backgrounds will bring different viewpoints into the mix. People of different ages will have differing priorities and opinions. Are you bringing diversity into the conversation?

I can definitely tell you it isn’t as easy as it sounds. I didn’t even realize I was the only woman (and also the youngest person) attending the Board of Directors meetings when I was VP of Product Supply until one of my team members brought it to my attention. You’d think it would be hard for me to miss! I also remember a time during my consulting career when I really enjoyed participating in a group. We had a good working relationship and were quite successful. A potential new member came onto the scene. My first thought was “NO!”; however, I agreed, and she turned out to add great diversity, and the group was better for it. Good thing I ignored my inner voice!

One Tip to Implement This Week:

Simply pay attention for opportunities to insert diversity into your projects, events etc. You’ll be surprised by what you miss while focusing on the task at hand. Again, during my career with APICS Inland Empire Chapter (Association for Supply Chain Management), I missed the lack of diversity on our panel. Our audience noticed and commented in our survey. In this case, it was an all male panel. Our chapter has held 15 executive panel and networking symposium events, and this panel was the ONLY panel without a woman. Of course, over time, we have improved upon this metric in addition to male/female (although that can sometimes be tough on its own!) with panelists from multiple countries, backgrounds, age groups, work backgrounds (in addition to manufacturing and distribution, we’ve added healthcare, technology and more), etc.
Start by simply paying attention and giving a diverse group a chance. Be open to the idea, and you might just gain significant value.
Stay safe & healthy.


The Future of Manufacturing & Supply Chain

June 17th, 2020

It is a very exciting time for those of us passionate about manufacturing and supply chain. Undoubtedly, we have never worked harder proactively managing the unprecedented demand and supply volatility, and so appreciate your supply chain resources. I am hearing that they are taking off for better opportunities, and you won’t want to lose your best talent during what will be a lengthy and supply chain intensive COVID-19 recovery!

As manufacturing increasingly returns to the U.S., as consumers and businesses expect a superior, customized, rapid delivery of products and services, as technological advances become commonplace, as the general public sees the value of essential businesses and the diversity of manufacturing and supply chain, it will be a great ride! Are you shaping your future or waiting for it to happen to you? Join me in a webinar to hear more.

One Tip to Implement This Week:

Simply start thinking about the future of manufacturing and supply chain in your industry, your region, and as they relate to technological advances and innovation. Bring your team together to get them thinking about the future, new ideas, and how to proactively position your company for success. A LOT can be accomplished simply by refocusing attention to thinking proactively, creatively and with a focus on the future. Will there be opportunities to pick up new business, design new products and open new markets as firms want to bring manufacturing capability back to the U.S. and closer to customers? What do your customers need that they haven’t thought about yet that would help them be more successful?

 

 Listen to a panel discussion with manufacturing executives related to the electronics industry on the Future in Manufacturing panel to stimulate ideas and flip through my eBook, Future-Proofing Manufacturing & Supply Chain Post COVID-19 to gain new insights to get the ball rolling. We have also launched a rapid Future-Proofing Manufacturing & Supply Chain assessment if you’d like assistance in thinking through your particular situation. Contact us if you are interested. Stay safe and healthy.



Being Featured on Bloomberg & the Rise of Reshoring

June 3rd, 2020

Of course, it was very exciting to be featured on Bloomberg’s ‘What’d You Miss?’ show! It speaks to the rising popularity of reshoring that Bloomberg is searching for supply chain experts to talk about reshoring and whether it makes sense.

NOTE: I am about half-way through the segment if you’d like to watch the show.

As I said on Bloomberg, of course, the answer of whether you should reshore is “it depends”; however, it is becoming quite attractive for many industries and situations. At a minimum, review whether it makes sense to source manufacturing closer to your end customers. If you need a push, look no further than the Amazon-like customer requirements, increasing labor costs in China, the lessening importance of labor costs as the Future in Manufacturing panel discussed, the risk of disruption (tariffs, COVID-19, natural disasters etc.) and more. I discuss this topic in depth in my eBook, Future-Proofing Manufacturing & Supply Chain Post COVID-19.

 We have also launched a rapid Future-Proofing Manufacturing & Supply Chain assessment if you’d like assistance in evaluating for your particular situation. Contact us if you are interested. 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



What Do We Most Want to Do Post Lockdown?

May 20th, 2020

 

 I was on a Zoom call yesterday (one of 9), and we broke into groups to answer the question of what we most want to do post lockdown. Haircuts beat going to the bar! It is especially tough when you are on video 10 to 12 hours a day! I think the group feels a bit like this woman…

The same issue is occurring in business. What type of maintenance are you deferring due to lockdown? Should you continue to defer this maintenance type activity?

One Tip to Implement This Week:

Of course, the answer is “it depends”. We shouldn’t do everything just because we used to do it; in fact, the lockdown has created the opportunity to reexamine our focus. Take advantage of this opportunity to figure out where to focus. Perform a rapid assessment, prioritize what you should pursue and proceed with essential go-forward maintenance. If you’d like to hear more about these priorities, read my eBook, Future-Proofing Manufacturing & Supply Chain Post COVID-19

 

 

We have also launched a rapid Future-Proofing Manufacturing & Supply Chain assessment if you’d like assistance with the process. Contact us if you are interested. 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.

Since the lockdown will carry forward for several months in some form or fashion, we will be expanding our webinar series and providing additional resources to help you think about how to thrive in this pre-vaccine environment.  Let us know if you have topics you’d like addressed. We would love your feedback.



The Economy & Where It Is Headed

April 20th, 2020

Since I dressed up for my webinar with Eileen Angulo on “Navigating Coronavirus Impact with our Employees,” it seemed a great time to do a quick video for I’ve Been Thinking on the economy and where we go from here. 

One Tip to Implement This Week:As I said in the video, consider how you can help. Turn your focus from panic and worry to creativity and innovation. Focusing on innovation is the best path forward if we’d like to turn our situations toward the positive, and it is certainly is what will turn the U.S. towards a positive future. Anyone can innovate. Perhaps we aren’t all as skilled as MacGyver in utilizing pencils and paper clips but we each have unique talents and capabilities. Spend an hour focused on innovation and let me know how it goes. To learn more about innovation,

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.