In the last few weeks, I've participated in three different economic events, talked with trusted advisors and seen what clients are experiencing. From banks to economists to executives, differing views emerge. But, what is the bottom line?
Despite all of our hopes for a post-COVID future, in 2022, the world did not return to normal. New disruptions slowed the recovery significantly and inflation created new complications. According to a 2022 report from Interos, supply chain interruptions have cost companies an average of $182 million in lost revenue this year.
The Wall Street Journal recently issued an article about how supply chains upended by COVID are back to normal. “There is no such thing as normal, despite the fact that supply chains are looking at COVID in the rearview mirror. While suppliers may be more consistent at the moment, customer expectations have changed.
In this episode of Supply Chain Chats, Lisa Anderson talks about impacts of supply chain disruptions and global unrest on inflation, recession, volatility, and opportunity. She uses the price of plastic as an example of the continuing impact from the Russia-Ukraine war and discusses China’s Zero-COVID policies impact on inflation and recession.
Supply chain disruptions continue to shift, requiring proactive strategies to improve resilience, strengthen SIOP, diversify sourcing, and stay ahead of changing risks.
According to the Wall Street Journal, supply chains are back to normal. We do NOT agree. Using a take-off from Monty Python, supply chain disruption is not dead yet.
Supply chain has become an excuse. Although there has certainly been a slew of supply chain challenges that carry on with baby formula shortages, rail backlogs, computer chip issues, hurricane induced delays, fertilizer scarcity, and China’s zero-COVID policy delays, supply chain should no longer be the excuse. Only the [...]
At its simplest, labor scheduling is determining which people (and which skills) you should have at which sites at which work centers at what time (shift) to ensure the right products can be delivered to the right customer at the right time.
It depends. Being the first to upgrade for each new fad is a waste of resources for little, if any, benefit. On the other hand, if the upgrade supports your ability to serve customers and grow profitably, it will become a "must".
Lisa Anderson, LMA Consulting President and Founder, feels there is still a great deal of confusion global supply chains. Anderson joined "Bloomberg Markets" with Caroline Hyde and Paul Sweeney on Friday morning.
