The 'Trump Round' of trade negotiations has unleashed widespread disruption to global commerce, triggering a wholesale reorganization of supply chains and forcing countries to choose between capitulation and coordinated resistance.
Global supply chains cannot escape the influence of China. From trade tensions to geopolitical risks and shifting alliances, manufacturers face increasing challenges in how to source, produce and deliver from China. Global supply chain experts, Lisa Anderson and John Tulac, discuss the path forward and strategies for success.
As supply chains have increasingly become more complex with greater risks, volatility, and costs, digitizing with smart supply chains has become integral to success. Smart supply chains powered by AI are helping industrial producers improve forecasting, streamline operations, and increase their bottom line.
Manufacturing has been in contraction for the last few years, while geopolitical risks are heightened and tariffs have created additional uncertainty, yet the future is starting to look bright. Investments and expansions are picking up. The most successful manufacturers will position for success by preparing for opportunities, mitigating risks and building resiliency and capabilities.
Medical products manufacturing is gaining momentum as companies want to build resilience to mitigate risk in the supply chain. Executives have realized that they must better control their end-to-end supply chain to ensure supply as geopolitical risks, vulnerabilities, and disruptions continue to arise while tariffs also push companies to build domestic capacity.
Supply chains are plagued with geopolitical, cyber and supply chain risks. Companies have been focused on building resiliency and efficiency; however, as important as it is to be agile and profitable, it is no longer enough. Forward-looking companies are focusing on predictability, scalability, and customer value.
Priorities that power the triple bottom line of social, environmental and financial performance are gaining momentum. Sustainable advancements, smart manufacturing and advanced technologies such as artificial intelligence are trending as they can deliver win-win improvements, supporting profitable growth and success.
Manufacturers must reexamine the role of technology and data in driving real-time business performance. Markets shift, demand changes and supply disruptions emerge overnight. The best-performing manufacturers are those that can plan and pivot because they trust their data, have optimized ERP and utilize SIOP.
As geopolitical, tariff, and other supply chain risks are causing concerns with offshoring strategies and the global sourcing perspective, companies are reviewing domestic alternatives. Companies are moving towards domestic and regional supply chains and preparing to scale manufacturing and the extended supply chains.
During volatile times of heightened uncertainty, companies typically batten down the hatches to save money and avoid rocking the boat. As the business outlook pivots to the positive, demand will be stimulated, providing huge opportunities for those companies prepared to scale rapidly with AI and advanced technologies and serve customer needs.
