Supply Chain Disruptions Continue at a Breakneck Pace
Supply chain disruptions continue at a break-neck pace.
Supply chain disruptions continue at a break-neck pace.
Lisa Anderson participated on a panel discussion to discuss nearshoring in the Medtech industry with Steven A. Colantuoni, Director of Corporate Marketing, The Central American Group, Yarisol Lopez, Deputy Executive Director, National Free Zones Council of the Dominican Republic, and Carlos Wong, Managing Director, Coyol Free Zone (Costa Rica).
MPO Magazine: The Big Shift: Nearshoring Trends in Medtech Manufacturing "Medical device companies are on the move," said Lisa Anderson, president of LMA Consulting Group, a Claremont, Calif.-based consulting firm that specializes in manufacturing strategy and end-to-end supply chain transformation."For example, Costa Rica continues to gain significant nearshoring opportunities".
I went to Costa Rica with my brother and nephew, and so I've been thinking about the amazing Costa Rican biodiversity, beaches, birds and biotech manufacturing.
Manufacturers are experiencing continued inflationary pressures threatening customer service and profit margins with record-breaking price increases and lack of material availability. To add fuel to the fire, they are also starting to worry about preparing for a potential recession.
Since the pandemic, it has been a constant battle to ensure material availability, let alone to proactively manage cost and service. Even the most proactive and successful clients have experienced brief shortages of key materials and extended lead-times. The rest have been plagued with these issues.
"Our most successful clients are not hiding under a rock and maintaining status quo during these inflationary times," points out Lisa Anderson, president of Claremont, CA-based LMA Consulting Group, Inc. and manufacturing expert known for creating supply chain resiliency."
As our long-term newsletter subscribers and ProVisors (trusted advisor network) colleagues are aware, we have used the Strongest Link in Your Supply Chain” as our tag line for a decade or longer. However, it has never been more relevant than it is today! As has been proven through the pandemic and continuing supply chain disruptions, any company’s performance is only as strong as the weakest link in their supply chain.
In this webinar hosted by The Business Journals and sponsored by Oracle NetSuite, Lisa Anderson joins industry leaders to discuss the supply chain challenges keeping executives up at night and strategies for building resilience, driving growth, and thriving amid ongoing disruption.
According to Thomas, 83% of manufacturers are likely or extremely likely to reshore vs. 54% in 2020. What an increase! Apparently, companies have figured out that there is significant risk in the extended supply chain. Companies have experienced extended lead times, shortages, and significant disruption. The ones that want [...]