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Reshoring: Is It All Hype or Action?

According to a Thomas survey about COVID-19’s impact on U.S. manufacturing and industrial production, 64% of manufacturers are likely to bring production back to North America. It has gone beyond talk to action. Clients and colleagues are seeing an increase in inquiries related to reshoring and expanding manufacturing capabilities. Even before COVID-19, executives were interested in reshoring. The total cost has come into alignment (and is often preferred) in North America for non-commodity products. Tariffs exaggerated the situation, and executives started considering the investment of capital to repurpose, expand and build manufacturing capabilities. When inventory carrying costs, transportation costs, intellectual [...]

2024-02-15T17:11:44-08:00September 20, 2020|Manufacturing, Reshoring/ Nearshoring|
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LMA Advocate 2020: Shannon Reininger – Tips for Success

In 2015, we kicked off the LMA Advocate awards to recognize those people who have been instrumental to our growth and success.  We started with 10 people to celebrate the 10 years since we started the business, and we now add one each year. Although I’ve learned plenty along the way, one thing I did “right” from the start was “collect” good people. Our LMA Advocates are the “best of the best” who we’ve worked with through the years.  I am eternally thankful and thrilled to work with them. For 2020, I’m excited to recognize Shannon Reininger. Shannon Reininger and I have [...]

2023-09-30T14:21:24-07:00September 20, 2020|Business & the Economy, I've Been Thinking|
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Today’s Medical Developments: Recognize workforce talents, take time to partner with the right suppliers

Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., tells companies to recognize workforce talents and take time to partner with the right suppliers. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and enable profitable, scalable, dramatic business growth. “Stabilizing the supply chain has been critical these last few months for manufacturers and distributors. This has been necessary to minimize volatility and keep goods flowing, in turn, fulfilling customer expectations. Customers understand that these are different times, but they will be patient only so [...]

2024-02-15T19:42:35-08:00September 18, 2020|Press Releases, Supplier Management, Supply Chain Management|
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What’s Going on in Supply Chain: Shark Bite Biz Video

August 17, 2020 David Strausser, podcast host of Shark Bite Biz, and I talk about what’s going on in supply chain. We talk e-commerce, customers’ customers, suppliers’ suppliers, what our most successful clients are doing currently, the pareto principle and more. Listen to our episode (after a short advertisement). What Should We Consider and/or What Impacts Could Arise? Although there are many steps every manufacturer or distributor should take during these unprecedented times, there are a few critical and common steps everyone should pursue. At a minimum, immediately address the following: Your customers’ customers [...]

2024-02-15T19:45:07-08:00September 8, 2020|Supply Chain, Supply Chain Briefing, Supply Chain Management|
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Where Our Best People Are Going

In the last month, almost every client has had some sort of challenge with talent. Most clients and contacts have lost a high-quality person. All have experienced a lack of talent or the appropriate skills to meet customer demand. For example, finding temporary resources has proven quite the challenge. Watch our video on what we're seeing in the market. Are you paying attention? One Tip to Implement This Week: Since people are on the move, there is NO DOUBT that we must get on top of our people. We cannot prevent people leaving because [...]

2024-02-15T19:45:38-08:00August 27, 2020|I've Been Thinking|
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Manufacturing Expert, Lisa Anderson, Notes Workforce Talent and Suppliers are Critical to Stabilizing the Supply Chain

CLAREMONT, CALIFORNIA – August 24, 2020 –  Manufacturing and Supply Chain Expert,  Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., tells companies to recognize  workforce talents and take time to partner with the right suppliers. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and enable profitable, scalable, dramatic business growth. “Stabilizing the supply chain has been critical these last few months for manufacturers and distributors.  This has been necessary to minimize volatility and keep goods flowing, in turn, fulfilling customer expectations. Customers understand that these [...]

2024-02-15T19:46:57-08:00August 24, 2020|Press Releases, Supply Chain|
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Ramping Back Up: Where Should You Focus?

We are seeing business just beginning to ramp up. As said in our eBook, Future-Proofing Manufacturing & Supply Chain Post COVID-19, this is not an on/off switch. We should turn the dial carefully (as quickly as possible while accounting for the end-to-end supply chain). Every situation is different.  Yet, common concepts exist and preparation is required. A few highlights include: Employee readiness: There are several rules and regulations in addition to considering your employees’ mindsets and readiness. Customer readiness: Clearly, without predictable sales volume (at least to an 80/20 standpoint at a high level), it is impossible to know what to [...]

2023-10-04T18:21:49-07:00August 22, 2020|Inner Circle, Supply Chain|
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Digitization of the Supply Chain is Accelerating

With COVID, the rise of e-commerce, and the pressures of profitability, Industry 4.0 and the digitization of the supply chain is accelerating. What was on track for 2030 prior to COVID should be expedited to 2021 or 2022 to keep pace with needs.

2024-02-15T20:33:26-08:00August 17, 2020|ERP & Technology, Supply Chain Briefing, Supply Chain Technologies|
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The Loss of the Claremont Club & What We Should Take Away

August 10, 2020 Unfortunately, I am quite saddened that the Claremont Club has decided to close its doors forever. It went from a success story written up by CBS News to a sad story upsetting most of its 10,000 members and residents. I was proud to be associated with the success story as the Claremont Club gained member support to continue to pay their 260 employees when coronavirus hit. I went to the hair salon when the club reopened since my group tennis lessons were not yet available, and they were following hospital level protocols in essence. In reading the [...]

2023-10-04T18:46:34-07:00August 12, 2020|Business & the Economy, I've Been Thinking|
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People are on the Move

Do You Know If Your Best People are Looking for a New Job? You better believe it! There is a trend across clients and colleagues that the best people are on the move! COVID has disrupted the landscape. Whenever multiple clients experience similar situations, we take note. There is no doubt that COVID has spurred smart clients to hire top talent and top talent to look for new opportunities. In the last few weeks alone, several clients and colleagues have lost valued talent. Why is Talent Leaving? From what we've observed, there are three key reasons. COVID inspired reevaluation [...]

2023-10-04T18:51:26-07:00August 12, 2020|Talent & Leadership, Talent / Skills Gap|
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