More Strikes & Disruptions: Prepare to Thrive: Create a Resilient Supply Chain
There has been a plethora of strikes, potential strikes and disruptions in the last few years. In fact, the threat of strikes has made its way through the supply chain.
There has been a plethora of strikes, potential strikes and disruptions in the last few years. In fact, the threat of strikes has made its way through the supply chain.
According to the WorldMetrics.org report, 89% of manufacturers believe automation is key to increasing productivity. More importantly to increasing profitable growth, the report also finds that automation reduces manufacturing lead time by 75%.
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
Pay alone will not suffice. In our experience, the most important priority to retaining top talent is company culture and leadership.
The world has never experienced a labor shortage quite like the one we are experiencing. According to the Bureau of Labor Statistics, employment growth will average .3 over the next decade; however, labor participation will drop from 62.2% to 60.4%.
Automation is coming, whether or not we get on board. Most executives do not want to be the guinea pig for new technology as they cannot afford disruption and risk.
On a recent trip to Europe, I was fortunate to combine work with pleasure. Finland is diverse from Helsinki to the arctic circle, and we were thrilled to gain picturesque views of the northern lights. I was surprised there are multiple cruise ships that go from Helsinki to Estonia each day because the people and countries are interconnected.
According to PMSA (Pacific Merchant Shipping Association), the five big West Coast ports have lost volume - 702,083 fewer loads and empties were handled in January and February 2023 than in the same period pre-pandemic in 2019. This equates to close to a 16% reduction. Specifically, the Port of Long Beach was off by 18.7% from January 2019 [...]
In this episode of Interlinks, I'm joined again by my colleagues from the supply chain special interest group of the Society for the Advancement of Consulting (SAC) to discuss some of the big issues facing businesses in 2023, namely sustainability, talent, and automation.
Conversation with my colleagues from the Society for the Advancement of Consulting’s Supply Chain Special Interest Group, Lisa Anderson from Los Angeles, California and Antonio Zrilic from Zagreb, Croatia discussing inflation busting strategies that companies can adopt to ameliorate the effects of rising inflation.