LMA Consulting Group, Inc.

Economic headwinds are challenging global markets, with Europe struggling at 4% growth this decade and facing energy crises, Chinese imports and U.S. tariff threats. The U.S. Federal Reserve's rapid rate hikes since 2022 add to the pressure. Proactive companies manage costs and inventory to improve margins and cash flow amid rising inflation and energy demands, especially from AI technologies. Strategies like SIOP align demand and supply, optimize operations and enhance collaboration with suppliers. Companies investing in talent, technologies and process upgrades will thrive, achieving better margins and readiness for future growth. Read more from Lisa Anderson: https://lnkd.in/g6fBtbtK #SupplyChain #SIOP #OperationsOptimization

In an era where disruption is the new normal, resilient supply chains are essential for success. Lisa Anderson emphasizes the importance of proactive strategies, such as regionalizing supply chains, leveraging modern ERP systems and investing in skilled talent. These measures help companies navigate risks like geopolitical tensions, cyber threats and regulatory changes. By staying ahead of potential disruptions, businesses can maintain stability and thrive in a rapidly changing global market. Read more: https://ow.ly/7fRV50SFxE9 #SupplyChain #ERPSystems #RegionalSupplyChain

The shift in consumer demand has underscored the importance of customer-centric supply chains. By prioritizing customer experience and leveraging data, AI and machine learning, businesses can create more responsive and flexible supply chains. Gartner reports that 83% of supply chain leaders focus on improving customer experience through digital strategies. Gartner's four-step approach to a customer-centric supply chain includes: 1️⃣Establish a CX Mindset with end-to-end visibility. 2️⃣Measure Performance with traditional and new metrics. 3️⃣Analyze CX Insights for valuable data. 4️⃣Take Action based on insights. Ignoring this shift can be costly. Embracing customer-centric strategies gives companies a competitive edge. #SupplyChain #CustomerCentric #DataDriven #CustomerExperience

June is UV Safety Awareness Month! Many people working in supply chain and logistics work outdoors. As the summer sun intensifies, make sure your teams are equipped with UV protection. Prioritize sunscreen, protective clothing and hydration to maintain safety and efficiency. Let's keep the wheels of supply moving! ☀️🚚 #UVSafetyAwarenessMonth #PracticeSafeSun #SupplyChainSafety

Canada's border agents and the federal government recently reached a tentative agreement, averting a potential strike that could have severely disrupted supply chains and logistics at crucial international gateways. The work-to-rule campaign by the Canada Border Services Agency (CBSA) workers had already caused significant delays at major border points, with commercial wait times extending to over five hours in some areas. The delays particularly impacted truckers and commercial shippers, underscoring the critical role of border agents in maintaining smooth cross-border trade and logistics. The settlement helps prevent a prolonged labor dispute, which could have further strained the logistics sector already dealing with pandemic-related challenges. #CanadianBorder #Trucking #Logistics

“They had been reluctant to move to regional manufacturing because it represents a significant investment. But you have to make sure you are ahead of these types of [supply chain] problems.” - Lisa Anderson. Read more about how companies can navigate the stormy waters of the Red Sea amid Houthi threats and global supply chain challenges: https://lnkd.in/gJuKyYFP #GlobalSupplyChain #RegionalManufacturing #SupplyChain

The solar industry faces significant supply chain disruptions due to a petition for new antidumping and countervailing duties on solar cell imports from Cambodia, Malaysia, Thailand and Vietnam. This could lead to increased volatility and higher costs, affecting the logistics and stability of solar product availability. With much of the U.S. solar market dependent on imports, any changes in tariff policies can cause ripple effects, leading to delays, increased costs and a re-evaluation of supply chain strategies. Companies must stay agile and informed, anticipating changes that could affect logistics, pricing and overall market stability. A diversified supply chain and strategic partnerships are crucial in navigating these challenges. Additionally, leveraging advanced technologies and maintaining transparent communication with stakeholders can help mitigate the impact of these potential disruptions. #SolarIndustry #SupplyChain #USSolarMarket

Happy Independence Day! As we celebrate our nation's freedom, we wish you a day filled with joy, safe festivities and the spirit of independence. 🎆 #IndependenceDay #July4th #Freedom

Supply chain leaders are increasingly diversifying across global regions to reduce risks and enhance flexibility. With geopolitical tensions rising, costs escalating, and anticipated shockwaves in critical markets, exploring new regions, like India, is crucial for creating resilient supply chain. India, projected to be the world's third-largest economy by 2027, offers a strategic location, a large English-speaking STEM workforce and low operating costs. Government incentives further support manufacturing, attracting companies like Apple and Foxconn. Supply chain leaders are looking at India’s potential as they work towards having a resilient, diversified supply chain. #SupplyChain #IndiaEmergingMarket #2024Trends

Many firms are gearing up and taking advantage of the near-shoring initiatives taking place in Mexico. UPS, for example, is making significant moves to capitalize on these opportunities. This shift not only promises reduced transportation costs and quicker delivery times but also enhances supply chain resilience by mitigating risks associated with longer, more complex supply chains. As Mexico continues to improve its infrastructure and economic policies, it is becoming an increasingly attractive destination for companies looking to optimize their logistics and manufacturing processes. The trend is clear: near-shoring in Mexico will continue to be a significant part of the supply chain landscape, offering a competitive edge to forward-thinking businesses. #SupplyChain #Nearshoring #SupplyChainResilience