Hardware Podcasts

Strategic Sourcing During Volatile Times w/ Jim Pratt

The Manufacturing Executive · 8 Mar 2022 · 19m · Episode 92

What this episode covers

Jim Pratt, Co-Founder and Managing Partner at Forsyth Advisors, discusses the current state of the supply chain crisis, noting that while the peak of shortages has passed, companies must now shore up weaknesses exposed by the demand surge. He advises manufacturers to focus on strategic sourcing, near-shoring, and automation rather than just negotiating lower prices with existing suppliers who are facing their own cost pressures. Pratt highlights specific challenges like commodity price volatility, container shortages, and the need for rapid redesigns to maintain competitiveness in volatile markets.

Most relevant to

established companies

Topics

Mentioned

Companies
Forsyth Advisors, GE Transportation, Alston, Harbor Group, Guerrilla 76
Tools
LinkedIn
Also
WPI, RPI

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