PIVOT INTERNATIONAL BLOG
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The global pandemic has turned the market landscape into what can seem like a dizzying labyrinth of new demands. In a matter of mere months, marketing teams have had to rethink their most basic assumptions about their capabilities, their customers, and more.
COVID-19 Leadership Lessons for Product Developers and Manufacturers That Benefit Your Business Beyond the CrisisPosted: July 30, 2020
As the dust continues to settle from what amounted to a biological bombing of the global supply chain, manufacturing leaders are taking stock of lessons learned. Strategies that became critical for navigating disruption at its peak are proving to be just as essential in its aftermath. Leaders who carry them forward as a permanent part of their operations have much to gain.
The current conditions of global trade represent a divergence from thirty years of manufacturing trends. The globalization of manufacturing, combined with bilateral and multilateral trade agreements, has transformed what were once linear supply chains into complex trans-national networks. With continually shifting trade regulations related to ongoing US-China tensions and COVID-19, industrial manufacturers need to be aware of the implications of various trade scenarios.
The impacts of COVID-19 have added rocket fuel to manufacturing trends that were already rapidly picking up speed. These trends are now in hyperdrive and companies that recognize the significance of this acceleration and act accordingly stand to gain appreciable competitive advantage. How businesses respond to disruption in the next year will largely determine their fate for the next decade.
Although pandemic-induced supply chain disruption continues to be a significant issue for product developers, they must continue to contend with a host of other challenges that are simply part and parcel of doing business. Among these, product lifecycle management (PLM) remains high on their list of concerns.