In today’s Amazon-impacted marketplace, customers expect rapid deliveries and 24/7 accessibility at low prices. Executives are turning previous notions about offshoring upside down. They are re-evaluating their supply chains – should they continue offshoring to obtain lower labor costs? Should they next-shore closer to the customer demand? Should they near-shore to find the lowest costs within a closer geography for quicker deliveries? There are key challenges with each of these approaches; however, customers don’t want to hear about our obstacles! If we ignore these demands, we risk that our customers will go to our competitors who can get them what they need when they need it at the right price and level of service!
According to LMA Consulting Group’s research study, Onshoring Profits: The Increased Need for MORE Control, Speed and Profit: How to Thrive in this Environment, executives are re-evaluating their end-to-end supply chains in response to increasing labor rates in low cost countries, concerns about “too much” money tied up in inventory due to lengthy lead times and worries about the increased level of risk. This presentation will feature an interactive discussion on these survey results, what they mean for manufacturers and distributors and how supply chain and operations leaders can re-configure their supply chain and re-focus their efforts to not only remain competitive but to thrive in this environment.
Learn more about what other business leaders are doing to serve their customers better
Learn more about supply chain optimization ideas & trends
Learn how to better leverage your supply chain as a competitive advantage
Scott Luton, Managing Partner at TalentStream
Scott Luton has almost 15 years of general management and business development experience. He has held a variety of leadership positions, mainly in manufacturing.
Lisa Anderson, President at LMA Consulting Group
Lisa Anderson, President of LMA Consulting Group, Inc. is known as The Manufacturing Connector (SM) and is a leading expert in bridging the gap between supply chain strategy and execution to dramatically improve service levels, accelerate cash flow and maximize profits. Lisa has spoken at several industry conferences such as the Global Supply Chain & Logistics Summit and has been quoted in The Wall Street Journal, ABC News and Industry Week. She is Board approved in Supply Chain strategy by SAC, was recognized as the 16th most influential in supply chain management by SAP and recently was named one of the Top 100 Supply Chain bloggers.