Lisa Anderson, founder and president of LMA Consulting Group, provides information to help adhesives and sealants industry executives navigate supply chain challenges.
Given the uncertainty of the economy creating extreme push outs and pull ins with customer orders, companies that can successfully deal with uncertain and changing conditions will thrive.
Manufacturers should work to reduce materials, energy consumption, and inefficiencies to improve their carbon footprint and achieve the triple bottom line.
Proactive companies pay close attention to opportunities to increase packaging efficiencies throughout the end-to-end supply chain to improve their profitability and sustainability.
As companies are searching for ways to successfully navigate these turbulent times, the best ones are achieving a win-win focus on the customer and costs.
With sustainability increasing in popularity and the carbon footprints of end-to-end supply chains evaluated, innovation and manufacturing will skyrocket.
Innovation, growth, and success seem to go hand in hand; the most innovative clients have the highest levels of growth, profitability, employee engagement, and success.
Companies must take a proactive approach to navigating transportation woes and create supply chain capabilities to help them stay a step ahead of the competition.
Although current transportation woes will eventually come to an end, new disruptions will arise, and companies must use a proactive approach to navigate future supply chain issues.
The global supply chain is out of alignment with no simple or quick fix to re-balance and right size it. However, successful inventory management can help companies grow and thrive during these challenging times.
During COVID, clients and colleagues realized there was far too much risk in their supply chain. For the most part, they realized the stark difference in requesting help from in-demand suppliers vs. collaborating jointly with supply chain partners. Given the robust demand for raw materials to successfully support key customer needs, suppliers have no choice but to prioritize. There is little doubt they are prioritizing strategic and profitable customers, as well as those with long-term agreements.