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What if the Answer to Supply Chain Shortages Doesn’t Lie in Procurement?
Posted: January 26, 2022 To appreciate the task that U.S. policymakers and supply chain leaders are faced with in overcoming supply chain shortages, imagine trying to quickly and easily turn a ship around that’s the size of the Empire State building. (Carrier ships of this size have played prominent roles in the “Containergeddon” scenario recently seen in the LA and Long Beach ports.) Such a ship represents nearly forty years of offshoring and dwindling domestic manufacturing capability, and this ship will not be turned around quickly or easily. It will take multiple years and billions of dollars to build new chip factories and ramp up production. In the meantime, demand for new tech is skyrocketing as the wheels of the fourth industrial revolution roll inexorably on.
Ten Imposters That Can Jeopardize Your New Product Development Project
Posted: January 19, 2022 If you’re developing a new product, you already know the purpose of observing best practices is to create the conditions necessary for achieving market success. But because research-backed approaches to New Product Development can sometimes seem counter-intuitive, leaders often end up implementing "best practices" that turn out to be imposters. In this piece, we’ll call out the culprits and provide some touchpoints for helping companies course correct.
The Global Chip Crisis is Driving Investment in Domestic Manufacturing
Posted: January 6, 2022The global chip crisis appears to have reached a crescendo. Opinions vary on how long it will last. Analysts with optimistic estimates are betting on improvement in early 2022, while those with more pessimistic outlooks are placing their bets on late 2024. Though it’s likely the reality lies somewhere in between, the forecast disparity is a testament to how uncertain the situation remains.
Surprisingly, supply chain uncertainty has spawned certainty about one thing: the dangers of U.S. dependency on China-based high-tech manufacturing. “America First” is rapidly becoming a supply chain battle cry. Incentivized by massive government subsidiaries, policymakers, and industry leaders across the political spectrum are crossing party divides and beginning to function as a unified front to drive a resurgence in domestic manufacturing. But although the U.S. appears to be headed in the right direction, not even corporate recipients of massive government subsidies can move quickly enough to stop the bleeding.
