Do You Have an Eye to the Future?
Do you have an eye to the future? Don't just answer yes and move on.
Do you have an eye to the future? Don't just answer yes and move on.
Have you checked in with your supply chain lately? Will they be geared up to support you or have you ignored them and don't know what might happen as production ramps up in the U.S.?
Once you have thought through the trends most likely to impact your business, it might make sense to think about how to transform these impacts into opportunities. Profitable and scalable growth is the common thread among every single one of my clients.
Most of us are so busy on a daily basis we don't have time to think about our business models. It is the rare client that questions their business model let alone continually modifies it for success. Do you question your business model on a yearly basis?
Apple has developed its own processors for years but has recently increased its focus on the in-house design of components.
There has certainly been a lot of conversation about the potential tax law changes! Michael Kouyoumdjian, managing shareholder of RP&B CPAs did a great job of going through the potential changes and impacts in a discussion with trusted advisers to manufacturers and distributors.
According to Industry Week, steel imports from 2016-17 are on track to be the lowest in almost 15 years!
nstead of running to keep up with your customers and competitors on a daily basis, what can you do to GET AHEAD of them?
Who knew transportation could be so complex? As much as goes into transportation, consumers are trained to think of it as "free" (think Amazon Prime) and quick. That certainly provides two conflicting forces!
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.