Costa Rica’s Nearshoring Opportunities in Biotech Manufacturing & Its Biodiversity
I went to Costa Rica with my brother and nephew, and so I've been thinking about the amazing Costa Rican biodiversity, beaches, birds and biotech manufacturing.
Manufacturers are Remaining Positive Amidst Chaos
According to the National Association of Manufacturers (NAM), 82% of manufacturers remain at least somewhat positive about their company's outlook. This statistic is especially interesting since 59% thought continued inflation would make a recession more likely in the next 12 months. Perhaps manufacturing should be even more positive as [...]
State of Supply Chain
The successful companies will not only strive to be the strongest link in your supply chain, but they will ensure that the weakest link doesn't send their customers to the competition. You have a once-in-a-lifetime opportunity to secure your position as a market leader and thrive for years to come, if you choose to take advantage of the opportunity and start to act NOW.
The Importance of Customer Service
We are in a time period that will prove more important than almost any other because more companies will surge past the competition during these turbulent times, propelling them forward for years to come. Executives will have a choice - push the pedal to the floor and achieve success or be tentative and pull on the parking brake and slowly retreat and decline.
Supply Chain Disruptions Impacting Baby Formula Availability
The latest in a long series of supply chain disruptions has impacted the baby formula industry. 40-50% of the shelves across the U.S. are out of stock for this critical item!
Supply Chain Disruptions Have Become an Excuse
The issue is if we are running hand to mouth, any disruption can create chaos. Clearly, the pandemic created chaos upfront, but it has now become an excuse. It is quite clear that the global supply chain is out of alignment and will not magically realign itself. There are [...]
Shanghai Lockdown
Shanghai has been locked down for around 6 weeks already. It is resulting in a significant bottleneck of container ships sitting outside Shanghai.
Lost Revenue Due to Lack of Resources: How to Attract People to Your Company
According to Interos, almost 90% of companies experienced a negative impact to revenue due to supply chain disruption. That is a BIG number! From our point-of-view, every client is complaining about the lack of critical resources required to support the business and has experienced negative impacts to revenue (even if only in terms of a delay to revenue recognition).
What Is S&OP (also known as SIOP) & Why Should We Care?
We are thrilled to introduce our S&OP webpage with everything you need to know about Sales and Operations Planning (also known as SIOP, Sales, Inventory and Operations Planning or IBP, Integrated Business Planning). You'll find sections: What is S&OP? How do you benefit from SIOP? Why implement SIOP? Client [...]
Interview with Industrial Insights on How SIOP Can Address Business Volatility
Volatility started with the pandemic and has been exacerbated by weather disruptions such as the Texas storms, labor shortages throughout the world, accidents such as the ship that got stuck in the Suez canal, and wars such as the Russia-Ukraine war. The bottom line is that demand volatility is [...]