According to the Institute of Supply Management (ISM), manufacturing is gaining strong momentum with the fourth month in a row in expansionary territory. Exports are gaining as well with the trade deals. Smart manufacturers are preparing to scale profitably and better utilize AI-enabled systems and technologies.
In the second half of 2024, manufacturers in the U.S. and Mexico were in contraction according to PMI readings while Canada showed continual expansion. The Purchasing Managers’ Index (PMI) is based on a survey of private sector executives and measures the health of the economy. Canada has scored in [...]
As I participate with the California DEC (district export council) meeting as part of the Inland Empire DEC, I am reminded of the vast opportunity of export. This is especially true during the pandemic as manufacturers innovate to be able to support critical needs in the U.S. and throughout [...]
CLAREMONT, Calif., Oct. 22, 2019 /PRNewswire/ -- Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., sees exports as a significant opportunity for manufacturers to grow and future proof their business. "As manufacturers work on customizing products and meeting ever-changing delivery expectations, it's [...]
LMA Consulting Group Inc. president Lisa Anderson believes that manufacturers should look to exports in order to expand and future-proof their businesses. Anderson is a manufacturing and supply chain expert who founded LMA, which works with manufacturers on strategy and supply chain transformation. "As manufacturers work on customizing products [...]
Export is a vast opportunity so the U.S. - Mexico - Canada agreement should be of keen interest.
Our most successful clients build innovation into the daily routine, and it is no accident that they are the most resilient as conditions change.
We know of multiple manufacturers who have "made their name" and grew their business by focusing on export. Even if you only want to supplement a robust U.S. marketplace, since we are living in a global, interconnected world, why not at least explore the opportunities in your industry?
How significant is freight to your bottom line? For example, when I was a VP of Operations for an absorbent healthcare products manufacturer (adult diapers, hospital underpads), freight was a BIG concern.
Keep innovation and future disruptors top of mind.
