I like this line from a recent BCG publication: “the future winners are building flexibility into their supply chains now”.
No crystal ball here, but the smart folks at BCG say seven manufacturing sectors will start to reshore in the next 5 years: transportation goods, computers and electronics, fabricated metal products, machinery, plastics and rubber, appliances and electrical equipment, and furniture.
What I can predict with confidence is that this is not the last downturn I’ll see in my lifetime. The economy moves in cycles. A certain amount of volatility is to be expected and certainly we will see up and downs in the future.
The best way to cope with the volatile cycles of the marketplace is to run a Lean organization.
What is your organization doing to get Lean?