According to a new PwC report, the global manufacturing industry must act now to protect and prepare their supply chain matrix against financial instability.
The third in a series of papers on manufacturing excellence, Achieving excellence in production and supply identifies five key areas for manufacturers to take heed of in today’s turbulent times. These are: skills and talent, addressing lifecycle opportunities, linking demand planning with the rest of the supply chain, identifying and acting on supply chain risks, and stronger collaboration between suppliers and customers.
In an excerpt from the report, PWC states that "events such as the Japan earthquake have highlighted the importance of supply chain resilience. We live in a world where the connections up and down the supply chain, as well as inside companies and outside to the world around them, are increasingly important. In this context, we highlight five issues that we believe will play an important part in determining the difference between manufacturing excellence, adequacy or mediocrity."
Learn more about the report, Achieving excellence in production and supply