With the worst of the COVID-19 pandemic in the past, distributors still are challenged like never before: Supply chain networks remain exceptionally complex, customer demands continue to escalate and disruptions are near-constant. What can forward-thinking distributors do to optimize operations today and enable success tomorrow?
The COVID pandemic and the post-COVID business environment are challenging distributors in ways they’ve never experienced. And a number of problems – the disruption of supply chains, forecasting difficulty and the pressing need to change the interface and interaction with customers – are forcing significant changes. What are the positive actions to take?
For manufacturers, the capabilities offered by the 4th Industrial Revolution, particularly the Industrial Internet of Things (IIoT), automation and connected machines, are enabling greater operational efficiency, higher product quality and improved maintenance processes – and are driving changes to long-established business models.
In the second of a four-video series, Ultra Senior Consultant Dave Lechleitner and economist Dr. Christopher Kuehl discuss how the shift in the political landscape, the Biden Administration and the Democratic-controlled Congress will impact business, supply chains, trade relations, tariffs, regulation and taxes.