Although Manufacturing Declined, the Smart are Planning for a Renaissance
According to the ISM, "The Manufacturing PMI", a measure of manufacturing activity, registered at 48.5% in June, which is a decline from 48.7% in May.
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain GallerySupporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
In The News, Manufacturing, Manufacturing Scalability & Resource Planning, Media, Supply Chain (End-to-End), Supply Chain Optimization & Collaboration
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
Reallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success GalleryReallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success
Manufacturing, Manufacturing Scalability & Resource Planning, SIOP / S&OP, Supply Chain (End-to-End), Supply Chain Optimization & Collaboration
Reallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success
The supply chain is in a constant state of disruption. As we discussed on Supply Chain Chats, simple backup plans are no longer enough. In fact, you can look at recent events and determine if a backup is sufficient. Starting with the pandemic, of course, most if not all companies didn't have a sufficient enough backup plan.
SIOP / S&OP: Proactive Approach to Maximizing Production Output & Capacity
Clients are struggling to keep up with customer's changing requests. Order backlogs remain relatively high (depending on the industry), but customers are pushing orders out at the last minute, pulling orders in without notice, adding future potential orders, and changing requirements on the fly. Production is scrambling to keep up.
Supply Chain Resilience Has Risen to the Top with the White House Council GallerySupply Chain Resilience Has Risen to the Top with the White House Council
Manufacturing, Manufacturing Scalability & Resource Planning, Supply Chain (End-to-End), Supply Chain Briefing, Supply Chain Optimization & Collaboration
Supply Chain Resilience Has Risen to the Top with the White House Council
The White House has launched a cabinet-level supply chain council as the criticality of the topic rises to the top.
A Manufacturing Resurgence Is On Its Way
Manufacturing appears to be turning the corner. According to the ISM, the Purchasing Managers Index (PMI) recorded a contraction but at the slowest pace of the recent cycle. In fact, this is the third straight month of improvement.
The Resurgence of the Manufacturing Workforce
Manufacturing is making a resurgence in the U.S. and other countries around the world. According to the U.S. Bureau of Labor Statistics, there is a shortage of 550,000 stable manufacturing jobs to be filled in manufacturing businesses nationwide.
Using Capacity Planning to Increase Revenue & Profitability
Manufacturing is on a downward trend after eight months of PMI (purchasing manager's index) below 50. It dropped to 46 in June. China's manufacturing also shrank for a third month in a row to a PMI of 49. Yet manufacturers backlogs remain relatively robust in many industries, leading executives perplexed on what to do about capacity shortfalls.
NESCON: Managing Capacity in a Complex & Volatile Long-Lead Environment
Lisa Anderson facilitated a panel discussion at the New England Supply Chain Conference and Exposition on managing capacity in complex and volatile environments with Shari Ruelas General Manager of Commercial Products Chevron, Alejandro Bustamante Senior Advisor to CEO & Board of Directors of Poly/HP, and Dan Raatjes SVP & COO King's Hawaiian Holding Co.
Managing Capacity in Complex, Volatile, Long-Lead Environment
Managing capacity during these turbulent times in a complex, volatile, long-lead time environment has proven quite the challenge. During the pandemic, sales volumes either dropped like a rock or skyrocketed with no middle ground. Most manufacturers have not been able to keep up with demand in the last year [...]