A 3% increase in manufacturing production is expected in 2010, according to Stan Gwizdak from the consulting firm, Celerant. According to an article in Supply & Demand Chain Executive, Mr. Gwizdak gives a few main factors that will contribute to this upturn:
- Declining imports as companies review their supply chain strategies;
- Continued market consolidation and acquisition activity; and,
- Green products and companies in the solar, wind, and geothermal space.
So, good news! However this will not come without challenges. Mr. Gwizdak states that the biggest challenge for manufacturers will come from "the complex supply chain with global operations, logistics, warehousing and reduced time available for new product introduction and time to fulfill a customer order." Not too surprising. Anytime a company increases operations or expands globally, there will be new supply chain issues that need to be addressed. And, most importantly, the more complex a supply chain is, the more imperative it becomes to communicate with trading partners so that no one is left out of the loop.
This post was published on October 20, 2009 and updated on February 21, 2014.