Supply Chain Disruptions and Chokepoints Dominate

By Lisa Anderson

To succeed in the current world dominated by supply chain disruptions and chokepoints, executives must create resiliency and get ahead of the inevitable volatility. The latest, the Francis Scott Key Bridge collapse, has caused massive diversions on the East Coast and in the Baltimore region pointing out the need for backup sources of supply and agility in the supply chain. The level of geopolitical and supply chain risk has remained elevated and should not be ignored in designing supply chain plans.

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Lisa Anderson Discusses Ripple Effects of the Francis Scott Key Bridge Collapse

In the aftermath of the catastrophic collapse of the Francis Scott Key Bridge, Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., emphasizes the profound and wide-ranging impacts on global supply chains. The bridge’s destruction not only disrupts local traffic and logistics but also sends shockwaves through international trade routes, highlighting the critical need for robust supply chain resilience strategies.

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Skills Gap Challenge for Manufacturing Success

By Lisa Anderson

According to a study by Deloitte and The Manufacturing Institute, two million jobs could go unfilled in the sector by 2030. The cost in 2030 alone could potentially total $1 trillion. Worse yet, the surveyed manufacturers said it is 36 percent harder to find the right talent than in 2018, and 77 percent of manufacturers expect to have ongoing difficulties attracting and retaining manufacturing employees.

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Integrate AI in Manufacturing to Raise the Bar

By Lisa Anderson

According to Polaris Market Research, the market size of artificial intelligence (AI) in manufacturing is predicted to grow more than 41 percent during the next decade. Although the latest Sikich Industry Pulse found that less than 20 percent of manufacturers have started to implement AI, those wanting to thrive in the next decade are pursuing AI strategies that make sense to support their business objectives. AI can help manufacturers target where to focus and automate mundane tasks.

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Evaluating ERP Systems and Related Technologies

By Lisa Anderson

Only companies that automate, digitize and utilize modern ERP systems and advanced technologies will survive, let alone thrive during the next decade. There is no doubt that volatility, uncertainty, complexity and ambiguity (VUCA) have increased in importance since the pandemic, and even though progress has occurred, there is no end in sight. Navigating these turbulent times while providing superior customer service and delivering profitable growth requires different ways of thinking and doing business. Advanced technologies are no longer nice to have; they are the cornerstone to success.

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Prepared Manufacturers Will Thrive as Supply Chain Risks Abound

By Lisa Anderson

Executives are tired after surviving the pandemic, navigating supply chain disruptions, handling soaring inflation, and dealing with one challenge after another. However, it is not time to rest as supply chain risks abound. From the Russia-Ukraine war to China’s aggression in the South China Sea and as well as hurricanes, strikes and bank failures, supply chain risks are not abating; they are simply changing.

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ABMA Announces Webinar Series: “Good Jobs Enable Core Innovation And Supply-Chain Partnering”

The American Brush Manufacturers Association (ABMA) has unveiled a new webinar series, titled “Good Jobs Enable Core Innovation And Supply-Chain Partnering,” featuring esteemed presenter Bruce Merrifield. The three-part series will delve into critical strategies that empower companies to navigate the challenges of the ever-evolving manufacturing landscape.

The manufacturing industry is no stranger to continuous expansion as businesses seek growth through increasing product portfolios and customer bases. However, the rising complexity and diminishing incremental profits in this pursuit require a reevaluation of approaches.

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Predictable Revenue and Resilient Operations for Manufacturing Success

By Lisa Anderson

Manufacturing is in a state of flux. After seven straight months of contraction in manufacturing, it is not surprising manufacturers are thinking about cutting back. On the other hand, in many industries manufacturers continue to have a robust backlog and are growing faster than their capacity. Simultaneously, there is significant transition and movement around the globe in the areas of dual-source suppliers, reshoring, nearshoring, consolidation and other changes. In this volatile environment, opportunities will abound for those manufacturers focused on creating predictable revenue and resilient operations.

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