Local Sourcing Has Big Benefits for Business
Lisa Anderson was quoted in an article on the American Express website discussing why local sourcing can help benefit your business in a big way!
Lisa Anderson was quoted in an article on the American Express website discussing why local sourcing can help benefit your business in a big way!
Lisa Anderson of LMA Consulting Group was quoted on Bloomberg Law about risk to China-linked supply chains, especially geopolitical risk, prompting some companies to rethink where they source their materials or manufacture their products.
Companies went global for the past few decades with a gusto to save labor costs. The pandemic jolted many Executives eyes open to the risks in the global supply chain. Suddenly, companies were reevaluating their global footprint with an eye to cost, risk (supply chain, geopolitical, etc.), customer performance, etc.
Lisa Anderson of LMA Consulting Group was quoted in the Snowflake blog about how data is critical to healthcare - especially in times of supply chain vulnerability as a result of natural and man-made disasters.
Israel was attacked by Hamas, and the world has another war in another region of the world. Since the global supply chain is interconnected, in addition to the devastation in the region, supply chain impacts will emerge.
Lisa Anderson was interviewed on the Lou Desmond radio show to talk supply chain. John Tulac, international business attorney, hosted the show to talk the status of the supply chain and what opportunities will emerge.
Inflation and disruption are increasing again. Wholesale inflation as measured by the producer price index increased by .5% since last month which was more than expected. Core inflation (excluding food and energy) went up by .3% which was also more than expected.
The Israel-Hammas conflict is a stark reminder that global supply chains can be disrupted by unforeseen political events. No matter the safeguards in place, events like this can be major disruptors. That is why organizations must cultivate options to mitigate risk and protect their bottom line
Global supply chains are on the move. Executives have been hit with the harsh reality that the risk (supply chain, geopolitical, cyber, IP, etc.) is far higher than they realized when they outsourced with an eye to cost.
Although the supply chain challenges have abated since the COVID-19 pandemic, disruptions continue to persist and risks have increased. VUCA (volatility, uncertainty, complexity, ambiguity) has increased substantially in the world, negatively impacting the safety, security, and reliability of the supply chain.