When we look back over the last 13 years of consulting with closely-held building products manufacturers to medium, private-equity backed food and beverage firms to large aerospace corporations, every single client has one goal in common – achieving scalable, profitable growth. It sounds somewhat easy but is far from simple in reality.
According to ISM (Institute of Supply Management), manufacturing expanded more than it has in 14 years in February - it is on fire!
Factories across the globe are showing signs of strain in keeping up with demand. China, Germany, France, Canada, the UK and the US all show that capacity might not be keeping up with supply.
Not only are my most successful and progressive clients thinking about these technologies but they are investing to leapfrog the competition.
In my ProVisors ODAM (Ontario-hosted Distributors and Manufacturers group – don’t you love the play on words?) meeting this month, we discussed business best practices we’ve seen with our manufacturing and distribution clients.
Although evaluating your supply chain readiness is paramount to support growth, there is no reason to wait for your customers to request an audit.
