The Backup to the Backup
Although we talk about the value of the backup to the backup all the time in supply chain circles, when the rubber meets the road with the costs of the backup, it can be seen as excessive.
Although we talk about the value of the backup to the backup all the time in supply chain circles, when the rubber meets the road with the costs of the backup, it can be seen as excessive.
There will be new policies, new supply chains and new manufacturing growth in the New Year. Although 2024 has ended on a sluggish note for most manufacturers with concerns swirling around missed revenue goals, inventory levels tying up cash and supply chain vulnerabilities and risks, there is excitement around changes coming down the pike.
The peak season started two months earlier than normal and extended two months later than normal to account for the volatility and expected disruptions in the global supply chain.
Fulfilling customer demand successfully is not as easy as it was prior to this volatile, uncertain, complex, and ambiguous (VUCA) environment. As supply chain disruptions continue to rage, planners jump through hoops, expedite, and are a bit frazzled trying to support customer requirements while meeting operational objectives, pushing back when needed on sales commitments, and addressing cost concerns.
As revenues remain volatile, disruptions plague supply chains, and interest rates remain high, executives' ability to build revenue, margin and working capital predictability and improvement takes on an elevated importance.
Lisa Anderson, quoted in Procurement Pro, has stressed the pressing need for companies to address weaknesses in their supply chains amid growing global instability.
Supply chain complexity continues to accelerate as organizations navigate geopolitical risk, cybersecurity threats, talent challenges, and changing customer expectations. In this Manufacturing Matters webinar, Lisa Anderson shares practical strategies for building agile and robust supply chains that improve resiliency, enhance predictability, and position companies for long-term success.
As business executives contend with heightened supply chain risks and inflationary pressures, artificial intelligence (AI) has emerged as a hot technology that can help to improve business performance.
As supply chains become more complex, organizations must move beyond resiliency and efficiency toward predictability, scalability, and customer value. In this ASCM San Fernando Valley presentation, Lisa Anderson discusses the risks and opportunities shaping the future of supply chains and shares strategies for building talent, leveraging technology, implementing SIOP, and positioning organizations for long-term success.
The threat of tariffs is already causing supply chain implications. There is a surge of chip demand post election. According to Trendforce, the chip supply chain is seeing a rush of orders.