Modern ERP Launchpad for Growth

By Lisa Anderson

If you don’t have a modern enterprise resource planning (ERP) system, your growth prospects will be limited in comparison to your competition. It didn’t use to be as important; however, according to KPMG, for the majority of US CEOs, the pandemic has meant an acceleration of digital transformation by months or even years. Although there are several technologies considered a priority, modernizing and upgrading ERP is a cornerstone launchpad for growth. Clients and colleagues are seeing the critical importance of not only having a central database for performing business transactions but also one that enables a superior customer experience.

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PA66 and PBT Raw Materials Shortages

Tai Hing Nylon is reporting PA66 and PBT raw materials, which are already at record highs, continue to see prices on the rise. Suppliers have limited supply and that scenario is expected to continue for the next three months.

Tai Hing previously reported that PA66 raw materials had increased by more than 30% at the end of November 2020. Due to the lack of upstream raw materials and price increases, most manufacturers with the limited PA66 have suspended new orders. Price increases are expected to last until May 2021. The notice of force majeure around the Chinese Spring Festival for the upstream manufacturers led to the continued lack of supply and increase in cost.

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21 Insights for 2021: Manufacturing, Supply Chain & Technology

Our supply chain columnist Lisa Anderson has released a new Emerging Above & Beyond eBook download that offers 21 insights for 2021 from experts in manufacturing, supply chain and technology. While Anderson normally releases a prediction report at this time each year, she pivoted to focus on key lessons learned during 2020 and how leaders should adapt and proactively position businesses to emerge above and beyond in 2021.

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Manufacturers Trending to Digital

Lisa AndersonBy Lisa Anderson

According to the Hackett Group, 77 percent of companies have strengthened their commitments to digital transformation because of the COVID-19 crisis. In fact, not only are the commitments strengthening but also the pace of adoption is increasing. A McKinsey survey found the pandemic has significantly accelerated the pace of adoption of digital transformation technologies. Clients and colleagues are seeing the critical importance of using technology for a win-win-win, creating a safe working environment that is efficient, cost-effective, resilient and responsive to customer needs.

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Supply Chain: Efficiency or Resiliency

Lisa AndersonBy Lisa Anderson

According to a McKinsey survey about COVID-19’s impact on operations and the future supply chain, supply chain leaders believe it will be transformed. For example, close to 75 percent experienced issues in the production, distribution and supplier footprint that will require changes in the future, and a whopping 93 percent of respondents plan to increase resilience across the supply chain. The pre-coronavirus full focus on efficiency is moving over in favor of resilience.

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Reshoring: All Hype or Action?

Lisa AndersonBy Lisa Anderson

According to a Thomas survey about COVID-19’s impact on US manufacturing and industrial production, 64 percent of manufacturers are likely to bring production back to North America. It has gone beyond talk to action. Clients and colleagues are seeing an increase in inquiries related to reshoring and expanding manufacturing capabilities.

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