Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., states"supply chains are going to be volatile until our world order becomes more predictable".
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., predicts supply chain challenges for the foreseeable future. She also suggests that mitigating supply chain challenges will require leveraging the strength of direct and indirect global supply chains.
The baby formula shortage exposed critical vulnerabilities in the supply chain. Lisa Anderson discusses the factors behind the shortage, the challenges of restoring production and supply, and why organizations must proactively address risk, capacity, inventory, and supply chain resilience.
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Supply chain disruptions have become a convenient excuse, but successful companies are taking control. Lisa Anderson explains why proactive planning, risk management, backup strategies, and collaboration with end-to-end supply chain partners are essential to building resilience and navigating continued volatility.
The Shanghai lockdown created another major bottleneck in an already disrupted global supply chain. Lisa Anderson discusses the impact of port congestion and geopolitical events and why companies must assess risks, strengthen supply chain partners, and build resilience to regain control of their end-to-end supply chains.
While some supply chain pressures are easing, manufacturers continue to face shortages, delays, and uncertainty. Global disruptions, including the Russia-Ukraine war and challenges in China, demonstrate how quickly problems can cascade through interconnected supply chains and impact material availability, lead times, and customer service.
Lisa Anderson, Manufacturing and Supply Chain Expert and President of LMA Consulting Group, talks about the coming months and keeping an eye on cash balance."Proactively managing cashflow is critical right now".
Inflation has taken root. Businesses everywhere are dealing with annualized cost increases of nearly seven percent--the fastest pace in 40 years and significantly higher than the 1.8 percent average of the past decade. The resulting upticks in operating costs can cause serious damage to the bottom line.
Global disruptions can quickly impact supply, costs, capacity, and customer service. By using SIOP to evaluate changing conditions, risks, inventory, capacity, and customer priorities, manufacturers can make proactive decisions, strengthen supply chain resilience, and position themselves to capture growth opportunities.
