"Manufacturers looking for any kinds of raw materials or ingredients are having to revise their schedules continuously, and it's a daily challenge," said Lisa Anderson, supply chain consultant and president of LMA Consulting. "There are issues from one end of the spectrum to the other."
Significant supply chain disruption is impacting the client revenue and impacting their ability to service customers said Lisa Anderson, president of ASCM Inland Empire Chapter and LMA Consulting Group.
According to Industry Week, Toyota has cut production by 40% due to supply challenges. In addition to the semiconductor chips, COVID is raging in Southeast Asia, causing further supply chain challenges. The bottom line is that there are widespread supply chain challenges!
According to Reuters, manufacturing gained significantly during the pandemic and remains strong.
"The minority of clients that are proactive were using just-in-time principles, but in a way that works during the pandemic," said Lisa Anderson, President of the LMA Consulting Group. "As a decision-maker, I need to have a certain amount of safety stock, but I will replenish that as we take orders, and we'll replenish those reserves [...]
The world has experienced unprecedented disruption during/ post pandemic. This has led to significant volatility, shortages, and chaos in supply chain, materials and logistics.
I was excited to be featured on "Just the News" (a few minutes into the segment) earlier this week talking about what is going on with supply chain disruptions and when we will catch up. I also facilitated a panel of global supply chain experts on supply chain, material and logistics disruptions.
Starbucks is out of several items! Who would have thought? Unfortunately, they are not alone. Almost every client is experiencing shortages of materials, logistics services and more. For example, according to Freight Waves, FedEx Freight just announced they are immediately cutting service to 1400 less-than-truckload in an effort to [...]
As the economy reopened following COVID-19 restrictions, supply chains struggled to keep pace with surging demand. In this interview with Just the News, Lisa Anderson explains what caused the widespread shortages and shares insights on building more resilient supply chains for the future.
In our eBook Emerging Above & Beyond: 21 Insights for 2021 from Manufacturing, Supply Chain & Technology Executives, many executives discuss the critical importance of adaptability and resiliency. The pandemic kicked off with volatility of customer demand (toilet paper and hand sanitizer were in scarce supply whereas aerospace and [...]
