The Impact of the Volatility
Certainly, you'd have to be hiding under a rock to not have heard about the wild swings in the global stock markets lately.
Certainly, you'd have to be hiding under a rock to not have heard about the wild swings in the global stock markets lately.
Think about treating your customers (both internal and external) like you are thrilled to be doing business with them and /or working with them.
Flood damage on Interstate 10 in California, leading to a state of emergency and significant disruptions to traffic and supply chains.
What have you been thinking about trying but were concerned about unintended consequences? What risk have you been thinking about? Does it have a shot of success without causing significant damage?
Keeping up with the latest supply chain trends can be invaluable for your career and your company success.
Whether you have supplies or products waiting at the port, I'd take this as an opportunity to be strategic in thinking about supply chain design.
I always look for trends as I find that the 80/20 of success comes from watching and proactively addressing trends.
Customer expectations are rising, supply chains are becoming more complex, and volatility has become the new normal. In this Manufacturers Corner interview, Lisa Anderson explains how SIOP, collaboration, innovation, and supply chain resiliency help manufacturers improve service, profitability, and long-term success.
Prepare for volatility by focusing on adaptability and flexible strategies to thrive in uncertain market conditions.
Complexity abounds in manufacturing management; can you rise to the challenge?