Shanghai has been locked down for around 6 weeks already. It is resulting in a significant bottleneck of container ships sitting outside Shanghai.
Who knew supply chain would become a common term throughout the world in early 2020? It certainly has gained a household name during the pandemic, and it continues to be of paramount importance as further supply chain disruptions occur.
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Lisa Anderson, Supply Chain Expert and President of LMA Consulting Group, says: "[The rocketing container costs are] increasing the prices of goods because companies can't just absorb these prices - they're passing them on. This is causing this inflation that will continue as long as shipping prices are high."
Supply chain disruptions will likely persist well into 2024 and beyond as hospitals, healthcare providers, and medical device companies continually pivot to address the market's immediate needs, creating further disruption and misalignment comments Lisa Anderson, founder and president of LMA Consulting Group Inc., a consulting firm specializing in manufacturing strategy and end-to-end supply chain transformation.
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Global supply-chain disruptions are rampant. Manufacturers and business owners now routinely deal with triple and quadruple lead times, widespread shortages, escalating prices, and transportation delays. Every link in the supply chain is out of alignment. Think of the imbalance as a sixth-grader on one end of a teeter-totter and a kindergartner on the other—only worse.
Companies that take control and realign their own supply chain, instead of waiting for the global supply chain to resolve itself, will pull away from the pack stated Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc.
Lisa Anderson, president of LMA Consulting Group, Manufacturing and Supply Chain Expert explains why the store shelves are still empty.
Supply chain is dominating the news. Demand is soaring, ports are backed up, container prices are soaring, shipping costs are skyrocketing, warehouses are full, and manufacturers are experiencing extended lead times across the board. Listen as Lisa Anderson, Manufacturing and Supply Chain Expert, MBA, CSCP, CLTD, president of LMA Consulting Group Inc. talks about the current stat of the supply chain and the impacts for 2022.
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Even with the ports open, getting the materials off the containers is still a challenge, especially as the trucking industry remains a drivers’ market. “You have to send the trucks to the appropriate terminals,” comments Lisa Anderson, Manufacturing and Supply Chain Expert, MBA, CSCP, CLTD, president of LMA Consulting Group Inc.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., talks about how the supply chain got out of alignment, stemming from the pandemic. In essence, everything is in the wrong place.