In this Supply Chain Byte, Lisa Anderson explains why the Iran conflict and the Strait of Hormuz matter to manufacturers. As one of the most critical shipping chokepoints in the world, disruptions in this region can impact global trade, energy supply and transportation costs.
As the conflict disrupts key trade routes and energy supplies, the confectionery sector is among the first to feel the strain. How vulnerable are manufacturers, and what can be done to protect the industry? Lisa Anderson discusses supply chain protection and safeguarding supplies to ensure availability.
As with every war, there are immediate supply chain impacts, down-the-line impacts and related manufacturing and supply chain requirements. Companies must be prepared to pivot resiliently, scale, and plan to ensure customer and EBITDA success.
Tariffs continue to cause great stress in the financial markets and with certain industries. In fact, it divides manufacturers from distributors, logistics, and goods movement industries largely dependent on imports and trade.
The storm that blanketed the U.S. had impacts that reverberated throughout the supply chain. Artificial intelligence and advanced technologies can refocus efforts from reactive to proactive and improve the outcome for people and mitigate further supply chain disruptions.
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 companies reconfigure supply chains and expand domestic manufacturing capabilities, it is an ideal opportunity to embrace technology and automation to help metal fabricators and machinists offset increased costs associated with tariffs.
Since tariffs went into effect, supply chain vulnerabilities have been exposed. We are in a global supply chain with wildly varying levels of risk and exposure depending on the country of origin, product composition and each specific company's strategy.
Companies are pursuing a global reconfiguration and reallocation of resources and upgrades to secure their medtech supply chains.
Lisa Anderson, a supply chain expert and president of LMA Consulting, told BI she expects the overall effect of the tariffs to be "mildly inflationary," with some of the worst economic effects tempered by the recent trade deal, but ultimately "each industry or company could have a wildly different outcome."
