As executives continue to navigate these volatile economic conditions, the focus on inventory management increases. It is especially tough to determine what to do if you don't know if sales opportunities will dramatically increase as the competition falters and consumers drive demand or if sales will tank as recession fears increase and business optimism falters.
"Having relationship with suppliers is critical. We often advise clients to use multiple suppliers to ensure supply. Using secondary suppliers can be expensive" comments Lisa Anderson a manufacturing a supply chain consultant and President of LMA Consulting Group Inc.
Lisa Anderson introduced Supply Chain Chats™, a video and interview series exploring the issues affecting today’s global supply chain. The series provides insights into supply chain disruptions, emerging risks and how manufacturers and distributors can build resilience and navigate changing conditions.
Global supply chains remain volatile, with disruptions ranging from port congestion and labor shortages to geopolitical conflicts and inflationary pressures. Learn how proactive planning, risk assessment, and strategic supply chain decisions can help build resilience, protect customer service, and position your business for long-term success.
Supplier risk can quickly disrupt production, inventory, and customer service. Lisa Anderson participates on a panel and discusses five steps businesses can take to improve supplier visibility, leverage better data, strengthen supply chain planning, and proactively identify and manage supplier risk.
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".
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.
Supply chain chaos exposed the risks of lengthy global supply chains and the need for greater resilience, responsiveness, and control. Manufacturers are rethinking where they produce and source, strengthening SIOP and planning capabilities, investing in technology, and moving manufacturing closer to customers to support profitable growth.
