Manufacturing promotes safety and security and mitigates risk. Controlling your supply chain and mitigating geopolitical risk can become paramount overnight as geopolitical events occur, natural disasters emerge, and supply chain challenges arise (strikes, disruptions, shortages).
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
This is how companies deal with the Red Sea crisis: planes, storage, and closest suppliers.
In the last month, we've participated in at least six economic forecast presentations or discussions with experts (economic, banking, investment, manufacturing). Although they each had nuances, common themes emerged. Adding our expertise into the mix, we see volatility on the horizon.
The recent turmoil in the Red Sea, triggered by Houthi drone and missile attacks, has significantly amplified risks in global shipping, particularly affecting the Suez Canal and Red Sea routes.
Supply chain disruptions are nothing new for the shipping industry. The COVID-19 pandemic presented an unprecedented challenge for the industry. Lisa Anderson comments on the disruptions arising from the current Houthi attacks in the Red Sea and the implications.
Disruptions have not stopped. China has been flying balloons over Taiwan. North Korea is threatening South Korea. Russia continues its war with Ukraine. Israel is at war with Hamas [...]
Supply chains are being reshaped by geopolitical uncertainty, talent shortages, technology disruption, and evolving customer expectations. In this Manufacturing Matters webinar, Lisa Anderson discusses practical strategies to improve resiliency, leverage SIOP, develop talent, and build supply chains that support long-term growth and profitability.
Owners of Inland industrial properties should prepare for a bumpy ride in 2024.
40% of the goods movement from Northeast Asia to the U.S. East Coast go through the Panama Canal, and so the Panama Canal issues are driving shortages, late deliveries, and re-routing of goods.
