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.
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.
According to The California Policy Center, 237 companies have left California since 2005. Most companies cited the expanding regulatory and taxation environment.
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.
Lisa Anderson was quoted in Inc. on the effect on local business of the Francis Scott Key bridge collapse, and the ripple effect on the supply chain.
Lisa Anderson was quoted in this article on Inc., reminding businesses that diversification of supply chains is key especially during times of disaster and infrastructure rebuilds.
The collapse of Baltimore's Francis Scott Key Bridge highlighted how quickly a single infrastructure failure can disrupt regional and national supply chains. In this interview with PYMNTS, Lisa Anderson discusses the logistics implications of the bridge collapse, the ripple effects on ports, transportation networks, and distribution operations, and why [...]
The closure of the Port of Baltimore this week could have far-reaching implications all the way across the country for the ports of Los Angeles and Long Beach, according to several experts including Lisa Anderson of LMA Consulting Group.
The Francis Scott Key Bridge now lies partially submerged in the Patapsco River after a catastrophic cargo ship collision this week. Here’s how the Key Bridge collapse may affect the port’s operation.
Lisa Anderson emphasizes the profound and wide-ranging impacts on global supply chains. The bridge’s destruction not only disrupts local traffic and logistics but also sends shockwaves through international trade routes, highlighting the critical need for robust supply chain resilience strategies.
