Although Manufacturing Declined, the Smart are Planning for a Renaissance
According to the ISM, "The Manufacturing PMI", a measure of manufacturing activity, registered at 48.5% in June, which is a decline from 48.7% in May.
Disruption & Risk are the New Normal: Succeeding with Resilient Supply Chains GalleryDisruption & Risk are the New Normal: Succeeding with Resilient Supply Chains
In The News, Media, Podcasts, Supply Chain (End-to-End), Supply Chain Briefing, Supply Chain Optimization & Collaboration, Videos & Podcasts
Disruption & Risk are the New Normal: Succeeding with Resilient Supply Chains
There is substantial geopolitical risk with China. Look no further than the South China Seas. Philippine officials say Chinese forces seized two naval boats in a disputed South China Sea shoal. A few days prior, a Philippine ship and a Chinese vessel collided. It is a risky situation in the South China Seas.
Red Sea Pharma Crisis Pushing Logistics Advancements: Lisa Anderson Quoted
Companies need to navigate the stormy waters of the Red Sea amid Houthi threats and global supply chain challenges The United Arab Emirates (UAE) has established itself as a critical hub in the global pharmaceutical supply chain, attracting major players like Sanofi, Novartis, and Pfizer. This prominence is due [...]
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain GallerySupporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
In The News, Manufacturing, Manufacturing Scalability & Resource Planning, Media, Supply Chain (End-to-End), Supply Chain Optimization & Collaboration
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
Succeeding with Regional Manufacturing & Optimizing Supply Chain
The risk of China has increased dramatically over the years. Early on, executives were concerned about intellectual property theft. Although that is still a concern, there are much bigger issues.
FTC Cracking Down on Bogus ‘Made in USA’ Claims
The FTC is cracking down on bogus 'Made in America' claims. Lisa Anderson was quoted in Bloomberg Law on reshoring and near-shoring.
Diversify to Thrive in Manufacturing & Supply Chain
If you are dependent on any region, non-friendly country, customer, supplier, material, or anything noteworthy to your success, you must diversify. Although this concept has always been true, the pandemic highlighted the critical importance. Some companies simply lost their source of supply overnight and have not recovered if not diversified.
Supply Chain Disruptions & Chokepoints Dominate
The latest Francis Scott Key Bridge collapse has caused massive diversions on the East Coast and in the Baltimore region and points out the need for backup sources of supply and agility in the supply chain.
Reallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success GalleryReallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success
Manufacturing, Manufacturing Scalability & Resource Planning, SIOP / S&OP, Supply Chain (End-to-End), Supply Chain Optimization & Collaboration
Reallocating Manufacturing & Supply Chain Capacity to Mitigate Risk & Ensure Success
The supply chain is in a constant state of disruption. As we discussed on Supply Chain Chats, simple backup plans are no longer enough. In fact, you can look at recent events and determine if a backup is sufficient. Starting with the pandemic, of course, most if not all companies didn't have a sufficient enough backup plan.
Medtech’s Supply Chain: Global Risks Driving Regional Manufacturing
COVID-19 may no longer be a significant public health threat, but the global supply chain remains chock full of risk. The threats are seemingly everywhere these days: The Israel-Hamas war, which is sabotaging trade routes in the Red Sea; extreme drought, which is curtailing shipping in the Panama Canal, and China’s military aggression, which is threatening lawful commerce in the South China Sea.