U.S. labor productivity soared at a 4.9% rate in the most recent quarter as compared to the typical annualized rate of 2% during the current business cycle. We are seeing productivity gains across the board as manufacturers utilize predictive processes such as SIOP and advanced technologies such as AI, robotics, and the automation of processes and better utilization of ERP.
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.
Stay focused on continual improvement of your processes to keep your business at the forefront of your industry. Focus on the best practices in common across improvement programs and utilize the five keys to success.
Regulations can drive or derail progress in supply chains. In this Supply Chain Byte, Lisa Anderson discusses newly signed Executive Orders from President Trump, the impact of regulatory changes on industries, and why common-sense regulations are essential for customer success and business growth.
There is a potential for chaos in the logistics world with simultaneous strikes from Canada's rail workers and the U.S. East Coast and Gulf Coast longshoremen. It is gaining in likelihood each day as negotiations are not progressing.
Manufacturing is in a state of flux. After seven straight months of contraction in manufacturing, it is not surprising manufacturers are thinking about cutting back. On the other hand, in many industries, manufacturers continue to have a robust backlog and are growing faster than their capacity.
Making the appropriate business decisions will make or break success. Executives get paid the big bucks to make these decisions. Unfortunately, one poor decision can outweigh thousands of good ones rapidly. SIOP (Sales Inventory Operations Planning), also known as S&OP, is a tool that will optimize these tradeoffs for effective decision making.
Our most successful clients are constantly thinking about how to thrive in ever-changing, volatile conditions. They cannot afford to wait to see what is working for their competitors and then go "all in". Instead, only those who are resilient, innovative, and thinking five steps ahead will thrive in the next decade.
The most successful organizations will focus on being resilient and profitable," points out Lisa Anderson, president of Claremont, CA-based LMA Consulting Group, Inc and manufacturing expert known for creating supply chain resiliency.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc. discusses how a consultant can help executives navigate difficult business challenges and adapt in today’s manufacturing and supply chain. Full Story
