Just-in-time might not be what it is cracked up to be! Certainly, the coronavirus impacts should give us reason to question this rule at face value. Are you running so tight that you only have one bin, pallet or small supermarket to keep your facility running? If so, the [...]
February 7, 2020 Manfred Keil a longtime economics professor at Claremont McKenna College and the chief economist for the Inland Empire Economic Partnership, spoke at a manufacturing and distribution group of trusted advisors on what we can expect for 2020. It was a fascinating discussion. The bottom line is that there [...]
Reshoring was at record levels in 2018! Manufacturers are starting to return as they see the total costs of offshoring combined with the rising costs in China and improved competitiveness of the U.S.
According to Reuters, the biggest shakeup in decades is coming to the shipping industry as the IMO regulations go into force in January.
According to ISM (Institute of Supply Management), manufacturing expanded more than it has in 14 years in February - it is on fire!
Apple has developed its own processors for years but has recently increased its focus on the in-house design of components.
There is a strategic shift towards insourcing. This is how businesses evaluate the insourcing vs outsourcing dilemma for operational excellence.
Successful manufacturers are re-evaluating their outsourcing/ insourcing/ near-sourcing options. To remain competitive and have any hope of staying ahead of the curve, they are knee-deep in considering the options.
In today's new normal business environment which is characterized by volatility, lackluster sales, customers wanting “more for less – and NOW” and a talent shortage amidst high unemployment levels, companies are turning to the supply chain to deliver RESULTS.
I've seen many examples of companies and executives insisting on "negotiating" for a reduction in costs at the expense of all else.
