Tag Archive: cyber security

Beware of New Data Law in China & Its Impacts

February 27th, 2020

According to the Epoch Times and International Business Attorney, John Tulac, China’s new cybersecurity law poses a big risk for anyone doing business in China. In essence, if you send data to or from China, your data can be audited at any time. It certainly is concerning from many standpoints such as intellectual property, trade secrets, and more. Listen to my short video on this new law and impacts to consider.

John and I talk about this law as well as many other topics related to doing business in China, alternatives to China and the new USMCA trade deal. Listen to our new interview in our Future-Proofing Manufacturing & Supply Chain series. Undoubtedly, you’ll pick up a few worries along with ideas/ potential solutions. Let us know what you plan to do.

What Should We Consider and/or What Impacts Could Arise?
Many of our clients do NOT import from China.  So you might be thinking, why does this apply to me? If companies start leaving China in a mass exodus, you will certainly be in competition for new manufacturing options such as Vietnam, skilled labor in the U.S. and Mexico, technical skills to automate, use 3D technology, etc. And this is before thinking about indirect impacts. If the supply chain moves away from China, where will it move? There could be dramatic impacts on ocean lanes, political unrest throughout the world, raw material supply and supply and demand. We have never met a client unconcerned about these topics. After all, profitable growth is the name of the game!

At a minimum, no matter whether your supply chain relates to China, we recommend you re-think your manufacturing operations and extended supply chain. Are you dependent on any core suppliers? Are you spread too thin among suppliers? How are you selecting suppliers? And that is just the first topic in a line of many when re-evaluating your end-to-end supply chain. How about the broader topics of whether your manufacturing and supply chain is agile? Fast?

Start by re-evaluating your manufacturing and supply chain road map and think through related impacts. These topics certainly relate to our new LMA-i, LMA-Intelligence series including the Amazon Effect, the Resilient Supply Chain and Future-Proofing and contact us if you’d like an assessment path-forward plan to accelerate your bottom line and customer performance.

 



Top Two Issues According to Wells Fargo Customers

January 18th, 2019

In listening to a Wells Fargo commercial banking executive’s speech, he mentioned that the two top issues as we head into 2019 according to clients are:  labor (shortages) and cyber-security. This isn’t surprising, given what our clients face. We cannot think of a client who isn’t experiencing some sort of talent shortage.  Luckily, the same is not true for cyber-security.  Yet, it is a relevant, pressing and serious topic. When it rains, it pours BIG TIME when it comes to cyber-security.  Are you proactively addressing these topics?

What Should We Consider and/or What Impacts Could Arise?
For talent and labor shortages, it is often more complex than our clients need “2 more people”.  Invariably, they might have the “right” number of people in total.  Yet. they may not have what they need.  One of the following is often the issue: 1) Skills aren’t allocated properly. 2) There isn’t enough of specific skills and more than needed in others.  3) Cross-training is lacking. 4) People are not working to their maximum (or even regular) potential.

One of the best places to start is to understand your situation.  Don’t think about whether you can afford it or where you’ll cut back to afford it.  Just start by understanding your situation. We often go into clients and find “hidden” talents. Actually,m it occurs more frequently than you’d think. The good news is that these “hidden” talents can often be reallocated for the benefit of the organization almost immediately – at least a lot quicker than hiring and assimilating new talent.  We also typically find people who are not working to regular, let alone, maximum potential. Why? Because they might be working in an area that doesn’t align with their best skills or they work for someone who is stifling their progress. Finding these hidden opportunities can avoid making new hires for the vast majority of clients.

Beyond talent, you had better protect your company from cyber-security threats.  It is as simple as “get an expert immediately if you aren’t already working with one”, no matter your organization’s size.  Small organizations are more likely to be attacked! I’m happy to refer you to a top notch organization. Contact me if you are interested.

Are you searching for these opportunities and addressing risks?  They will certainly create a more resilient organization. For additional strategies to create a resilient supply chain, check out our new series:

 



Are You Thinking About Cyber Security?

May 16th, 2017
security threats

Are you developing strategies to address cyber security concerns? If you aren’t thinking about the relevance and risk, you should pay attention.

Cyber security has taken over the news and trade magazines lately as risk levels are elevated and cyber crime is a real threat. Are you developing strategies to address cyber security concerns? It is no laughing matter as you listen to what could happen….

Tonight, we attended a ProVisors (group of trusted advisers) cocktail reception. In two hours, we ran into multiple people who talked about the relevance and risk associated with cyber security. If you aren’t thinking about these questions, you should sit up and pay attention:

  1. Does your company have the appropriate security and protocols in place to fend off hackers? If each of us thinks we aren’t important enough for a hacker, someone will be surprised.
  1. Have you thought about your supply chain partners and cyber crime? It can be a vast topic. Although the risk might be low, the impact can be high. Just ask folks like Target and Home Depot.
  1. Have you thought about cyber security and your manufacturing machines like CNC machines and manufacturing execution systems? Suddenly the topic got a lot bigger!
  1. How about the internet of things? Have you thought about how to prevent cyber crime from non-work devices that can connect with work-related devices?
  1. Do you have cyber security insurance?

 

Did you like this article? Continue reading on how to become a Systems Pragmatist:

What’s Important in Technology?

Why Care About Supply Chain Risk?

 



What’s Important in Technology?

April 18th, 2017
business intelligence

Technology is an integral part of managing your business and supply chain. Are you leveraging technology to improve your business performance?

It is quite telling that every executive panelist on the “Professional Pathways in Supply Chain” panel at the Drucker Supply Chain Forum (Walt Disney Company, Source Intelligence, Intelligent Audit and LMA Consulting Group) had a significant focus on technology. Supply chain and technology go hand-in-hand. Thus, what should we be thinking about when it comes to technology?

 

Although many technology topics arose, let’s focus in on three of the ones that pop to mind first:

 

1. Business intelligence – Every panelist agreed on the importance of business intelligence. In essence, how do you leverage data to see trends, make decisions, etc.? For example, Intelligent Audit is almost exclusively focused on capturing and using freight data. Transportation can be vital to service, cost and much more. Source Intelligence connects you to your supply chain — they offer a data collection and compliance solution. Certainly, this is all about business intelligence as well. Lastly, similarly, every one of my ERP selection clients has business intelligence as a top priority. Do you?


2. Cyber security – Not surprisingly, every panelist concurred on the critical nature of cyber security. You don’t even have to attend a special event to figure this out. If you read the news, you should be sufficiently concerned about security. 


3. Strategic use of data – Somewhat closely aligned with business intelligence yet broader in concept, the strategic use of data is becoming a hot topic. Imagine how much data the Walt Disney Company has in its archives and what you can do with such a goldmine. This topic is especially related to supply chain if you think about the data connecting your supply chain. Again, since Source Intelligence helps you connect to your supply chain, they are in the business of the strategic use of data. Are you considering how you can capture supply chain data and better leverage it to elevate your business performance? 

Did you like this article? Continue reading on how to become a Systems Pragmatist:

Technologies Transforming Supply Chains

Data, Data, Data