There’s no question that every company is reeling from supply chain issues right now. Lead times on equipment have quadrupled, even quintupled. What used to take two or three months can now take more than a year—or even two.
Few operations are immune to today’s supply chain headaches. Whether securing products or critical equipment, operations of every type are facing higher prices and longer lead times. And with no immediate relief in sight, the saying “make the most with what you got” rings truer than ever.
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5 Ways to Turn Material Handling Financing into a Competitive Advantage During a Supply Chain Shortage
Forklifts and how they are paid for and managed may seem like a straightforward, run-of-the-mill operation for a company. But in reality, how a company makes decisions about forklift financing can drive productivity, safety and cost structures across your production facilities and warehouses. Done right, it can become a competitive advantage in today’s age where it is supply chain vs. supply chain.
Distributors and manufacturers are dealing with a myriad of challenges in 2021 as volatility and change have accelerated after the pandemic. On the demand side, the massive shift from retail to e-commerce purchasing puts enormous pressure on omnichannel capabilities. In addition, it has accelerated volatility of customer tastes and choices. On the supply side, increasing tariffs, supply issues and a host of transportation bottlenecks are giving supply chain leaders more challenges.