Businesses are working tirelessly to find production capacity in factories, while simultaneously, lead times continue to increase. With a lack of factory capacity, some companies are experiencing many frustrations in the manufacturing world. What should we expect in 2021? What products are experiencing these outlandish lead times?
What’s the difference? Packaging is an essential in preserving and keeping your cannabis product fresh and secure, but what works best for one product may be different than what works for another. We’re here to help guide you and answer those questions...
2020 has systematically disrupted even the most impenetrable supply chains. Initial fears of short-term shock waves have faded and seem insignificant now that a global pandemic has shifted the way the world manufactures, buys, and delivers goods. Covid-19 has caused an exponential interception in global economies and has become the achilles heel of even the most sustainably developed supply chains internationally. Initial lock-downs provoked consumers to panic buy essential items and necessities but with border closures and airspace restrictions, supplying the demand posed challenges and re-stocking empty shelves became more tedious.
Covid has tested the resilience of companies globally and has challenged the way companies operate and deliver on an international scale. Supply chains have been strained and entire industries have been forced to recalibrate their strategies. 2020 is a new era, and with any monumental economic shift comes potential opportunistic growth and possibilities. Adaptation to a volatile environment is going to be the future of success in challenging markets.
When new policies are enacted, this can cause a series of logistical repercussions that can result in a plethora of operational pitfalls. Many businesses become stagnant when it comes to evolving and adapting to global trade volatility. While pausing to re-assess and evaluate a new redefined approach that is optimal for a businesses’ longevity this can cause a business to succumb to global competition.
