Forward-Looking Logistics Surge Fuels Supply Chain
Trade & logistics will surge in the next few quarters! There are several factors that add up to this surge, yet it flies in the face of corporate mandates for inventory reduction.
Trade & logistics will surge in the next few quarters! There are several factors that add up to this surge, yet it flies in the face of corporate mandates for inventory reduction.
What does the election mean for manufacturing and supply chain? Will it be a continuation of the status quo, a surge for manufacturers, or a further dampening of the economy?
Hundreds of pagers used by Iran-backed Hezbollah exploded in Lebanon and Syria. It appears to be a part of a plan of sophisticated, deadly attacks that targeted specific people, leaving 12 dead and thousands injured.
According to The California Policy Center, 237 companies have left California since 2005. Most companies cited the expanding regulatory and taxation environment.
The supply chain has calmed down since the height of the pandemic; however, smart manufacturers are thinking ahead to changing conditions. Geopolitical risks are at an all-time high.
Manufacturing promotes safety and security and mitigates risk. Controlling your supply chain and mitigating geopolitical risk can become paramount overnight as geopolitical events occur, natural disasters emerge, and supply chain challenges arise (strikes, disruptions, shortages).
With sustainability increasing in popularity and the carbon footprints of end-to-end supply chains evaluated, innovation and manufacturing will skyrocket.
Manufacturing appears to be turning the corner. According to the ISM, the Purchasing Managers Index (PMI) recorded a contraction but at the slowest pace of the recent cycle. In fact, this is the third straight month of improvement.
Manufacturing is making a resurgence in the U.S. and other countries around the world. According to the U.S. Bureau of Labor Statistics, there is a shortage of 550,000 stable manufacturing jobs to be filled in manufacturing businesses nationwide.
I recently went to Austin, TX to speak at the MPO (Medical Product Outsourcing) Summit on reshoring and nearshoring in the medical device industry. While deep diving into the healthcare products/ medtech industry, I took a few days to see the sites of Austin. See below for a few of my favorites including an incredible skyline.