Tag Archive: Japan

Technical Innovation & Japan’s Bullet Train

November 17th, 2016

supply chain

While in Japan last week, I had the opportunity to ride the bullet train three times — and, even waited to go back to Tokyo from Mt. Fuji to see it whiz past since you cannot see it in action in Tokyo as a terminal station — simply amazing and FAST! The bullet train travels at over 300 kph. They always arrive on time and they are neat, organized, efficient, and safe. They account for potential earthquakes, etc.

We can certainly learn something from this engineering and service feat. And if that wasn’t enough, I learned that they have been testing a bullet train that goes 600 kph. It has been in the works for 10 years with several left to go. Innovation at its best.

technology innovation

 

One tip to implement this week:

Are you thinking about what might be needed 10 years out? Certainly, if you ask your customers, they might not be thinking about trains that go at 600 kph. Although I surprisingly couldn’t tell I was traveling at 300 kph, I wouldn’t think I needed to double it. Yet, I’m sure I’d be happy to get from point A to point B in half the time in today’s Amazon-impacted marketplace. Either way, breakthrough technology will have many uses.

In thinking about how to apply the bullet train concept this week, take a few hours out of your schedule for thinking 10+ years down-the-line. What do you think your customers might want? Bring in your top people. Assemble experts. Get ahead of the curve in thinking about the future and how your products, people, processes and culture will need to change.

Looking for more ideas to keep your supply chain connected? Access more tips and resources on my blog. And keep connected by subscribing to my newsletter and email feed of “I’ve Been Thinking…”

 



Global Is “In”

July 5th, 2016

profit through peopleOne of the reasons my global advisory board has been as valuable as its been is because it is global. We have people from the U.S., Australia and Japan with experiences from all around the world, and we are supported by a wider community with people from almost every continent. Looking through a U.S. lens might seem expansive to someone who has spent his/her lifetime in one state or on the east coast or the west coast yet it is narrow as compared to global impacts surrounding business on a daily basis.

No matter what you think in terms of politics and the like, it is imperative that you understand global impacts. For example, with the China struggles going on earlier this year, manufacturers should be on high alert for future quality issues. Have you been considering that? When I was in Australia for my strategy session, we discussed the impact of the strong U.S. dollar. Certainly it made my trip less expensive; however, it has far reaching impacts. Which countries should companies source from? Should they hedge? Should they in-source? There are vast numbers of questions to think about.

Within the last week, Europe has certainly had a strong impact on not only the stock markets but the global economy. What will Brexit mean? What decisions should companies be making now for impacts that will occur within the next 1-5 years? How should they mitigate risk?

The Olympics is another global topic. The Zika virus has certainly impacted attendance. How will companies protect their employees? Are athletes willing to take the risk? Money was poured into preparation for the Olypmic games. What will happen if it falls short?

It doesn’t matter what you think about globalization. It is all around us. The only question is whether you’ll be prepared and thinking ahead on how to best prepare and leverage for likely global impacts.

Did you like this article? Continue reading on how to strengthen your Eagle Eye:

The Impact of China’s Slowdown

The Hidden Benefit of Observation