Rethinking Sourcing
Successful manufacturers are re-evaluating their outsourcing/ insourcing/ near-sourcing options. To remain competitive and have any hope of staying ahead of the curve, they are knee-deep in considering the options.
Close But Not Quite Home
Nearsourcing as a strategic response to fulfill Amazon-era customer expectations efficiently
Reshoring Gains
March 28, 2017 According to Industry Week and the Reshoring Initiative, after two decades of job losses, we have turned the corner. In 2014, we had a net gain of 10,000 reshored jobs. And, clearly, this is picking up steam especially as we are in the thick of 2017. [...]
Manufacturing Expands at Fastest Rate Since 2010
February 14, 2017 According to the Institute for Supply Management's Manufacturing Purchasing Managers' Index, manufacturing is on an upswing. The composite index rose in January, making it the fifth straight monthly expansion. New orders and production grew strongly! And the Dallas Federal Reserve Bank reported that manufacturing activity expanded [...]
Near-shoring to increase in USA
Published in FDI Intelligence on Jan. 30, 2017 A recently released study by Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., indicates that 70% of US manufacturing executives expect near-sourcing to increase within the next five years. Click here to read [...]
Trump and Trade
January 30, 2017 Well, you'd have to be living under a rock to have not heard all the controversy about Trump and trade. Tariffs, restrictions and general chaos.... Currently, the U.S. trades significant volumes with China, Mexico and a whole host of other countries as we live in a [...]
Study Predicts Near-Sourcing Will Increase
Published in RV Pro on Jan. 24, 2017 Predicts Near-Sourcing Will Increase "I've seen that manufacturers were already considering insourcing to the U.S. and near-sourcing options to Mexico and other closely located countries because of the Amazon effect--the need for rapid response to customer needs” says Lisa Anderson. Click [...]
Outsourcing, Insourcing or Near-Sourcing?
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI. We are managing in an Amazon-impacted world. Customers expect rapid deliveries, 24/7 accessibility and products and services tailored to their needs. Customers are not willing to wait. [...]
Leverage Supply Chain Trends for Success
The ability to see supply chain trends and capitalize on them can set you apart from competitors, no matter the size of your company. As the year winds down, it seems an opportune time to discuss supply chain management trends. I find that those clients that pay attention to [...]
Outsourcing, In-sourcing, Near-sourcing?
American businesses may have miscalculated costs and benefits when they joined the outsourcing bandwagon. With the tide rolling back, what direction should you take? For many years, companies outsourced as a natural course of activity. Unfortunately, often times, they didn't even perform an analysis of the total benefit; instead, [...]