Businesses & Manufacturing Are On the Move
According to The California Policy Center, 237 companies have left California since 2005. Most companies cited the expanding regulatory and taxation environment.
According to The California Policy Center, 237 companies have left California since 2005. Most companies cited the expanding regulatory and taxation environment.
Orange County, CA's longest-running business talk show, Critical Mass Business Talk Show’s host Ric Franzi interviewed Lisa Anderson. The show is focused on offering value and insight to middle-market business leaders in the OC and beyond. After Ric and Lisa talked about Lisa’s career, LMA Consulting’s focus, and business tips, they moved on to the end-to-end supply chain. The topics varied from whether reshoring is really occurring to what’s going on in the global supply chain to hot topics to manufacturers and distributors.
COVID-19 may no longer be a significant public health threat, but the global supply chain remains chock full of risk. The threats are seemingly everywhere these days: The Israel-Hamas war, which is sabotaging trade routes in the Red Sea; extreme drought, which is curtailing shipping in the Panama Canal, and China’s military aggression, which is threatening lawful commerce in the South China Sea.
Lisa Anderson, a supply chain expert and president of California-based LMA Consulting Group, says that the Chips Act "has spurred on certainly quite a bit of investment" in the US electric car sector. And Mexico is also booming through 'friend shoring'. ### Why firms are bringing their manufacturing back home [...]
The supply chain has calmed down since the height of the pandemic; however, smart manufacturers are thinking ahead to changing conditions. Geopolitical risks are at an all-time high.
Manufacturing promotes safety and security and mitigates risk. Controlling your supply chain and mitigating geopolitical risk can become paramount overnight as geopolitical events occur, natural disasters emerge, and supply chain challenges arise (strikes, disruptions, shortages).
40% of the goods movement from Northeast Asia to the U.S. East Coast go through the Panama Canal, and so the Panama Canal issues are driving shortages, late deliveries, and re-routing of goods.
Lisa Anderson emphasizes the critical necessity of prioritizing supply chain optimization as global disruptions continue. Key issues, such as the worsening conditions at the Panama Canal, have been highlighted as significant contributors to the ongoing supply chain crisis.
Lisa Anderson was quoted in an article on the American Express website discussing why local sourcing can help benefit your business in a big way!
Globalization is not working. Geopolitics abound. For example, the war in Russia and Ukraine ravages on. There are concerns around the nuclear power plant in Ukraine, occupied by Russia. And that is aside from the impact on oil, food, commodities and much more. China continues to threaten Taiwan and has already changed Hong Kong. It is no longer the same for business. There are countless risks throughout the world.