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 latest Francis Scott Key Bridge collapse has caused massive diversions on the East Coast and in the Baltimore region and points out the need for backup sources of supply and agility in the supply chain.
Lisa Anderson addresses the significant challenges posed by recent quality issues at Boeing and their widespread effects on the aerospace and related supply chains. Drawing from her in-depth industry experience, Ms. Anderson offers vital strategies for companies to navigate these disruptions effectively.
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.
The aerospace supply chain has been struggling to recover since the pandemic. The industry has been plagued with shortages, labor issues, and supply chain issues. According to McKinsey, demand was back to 97% of pre-pandemic levels as of December 2023.
In this Critical Mass Business Talk Radio interview, Lisa Anderson discusses supply chain resilience, inventory strategy, reshoring, manufacturing competitiveness, and the steps organizations can take to build more agile and profitable operations.
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 joined Bloomberg's Markets: The Close to discuss the supply chain implications of Boeing's production challenges. After years of disruptions, the aerospace supply chain had largely stabilized by the end of 2023 and suppliers were preparing to support Boeing's planned production increases through 2026. As production ramp-up plans [...]
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.
NTD TV in New York interviewed Lisa Anderson about the Baltimore Bridge Collapse the Supply Chain Impact to discuss the economic impact.
