SUPPLY CHAIN SHORTAGES & ITS IMPACT ON MANUFACTURING
Manufacturers across the country continue to experience a challenging supply chain. Some business owners and their operations have experienced a throttling that’s caused enhanced disruption of their manufacturing efforts, and it typically stems from supply chain problems. There are plenty of issues that can contribute to these limitations, but manufacturers often feel helpless when it comes to improving supply chain operations. One of the most significant complications manufacturers face is poor supply chain visibility. There’s no way to ensure resilience in operations with a lack of visibility. Having a clear and comprehensive map of your supply chain will identify potential disruption risks while also creating a way to minimize long-term delays by having a backup plan in place. The adoption of new technologies can help to minimize such risks. So too can extending the network necessary to meet your manufacturing needs. Make these relationships more than just transactional. Be sure that you are valuing your entire network, from your employees to the suppliers. Understand their business so that you can anticipate their continued ability (or limitations) to meet your needs. Build strong relationships that create a clear communication line. As a manufacturing company in today’s climate, it is critical to consistently work to address the unique needs of your organization. You can do that by focusing on identifying risks and finding innovative solutions. For more information on how organizations are handling these risks, read on to the infographic accompanying this post.
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