Supply Chain Lessons for 2022

The pandemic brought forth many unknowns, and one of the significant areas of challenge and disruption occurred in the manufacturing supply chain.

Ryan Ervin, Vice President of Americas Region Sales and Workholding Product Management at Hardinge, Inc, discussed those challenges, which have bled over well into 2021.

As Hardinge monitored the situation, the company prepared for an upswing in activity as the pandemic subsided.

“When you started looking at commodity prices, we started feeling pressure in the last three-to-four months,” Ervin said.

Demand is the main factor driving those price increases, according to Ervin. “Talking to our supply chain almost weekly now, we see both pricing pressure, as well as deliveries, get pushed out.”

One of the biggest challenges Ervin sees now from a global perspective is workforce.

“A lot of companies decided what the right workforce level was as they got through COVID and what the onboarding was. So, right now, one of the major challenges is how do you get not only raw materials, but how do you get the human capital back into your business to ramp up?,” Ervin said.

Hardinge’s global presence allowed them to chart the pandemic’s progress and its impact on supply as it affected various regions as certain areas began to rebound.

“We had strong fundamentals heading into 2020 from a demand and overall market,” Ervin said. “We thought 2020 would be really strong, and we saw what that rebound was going to look like and planned accordingly to get ready for the ramp. Now, as we’ve gone through a pretty strong 2021 already, we do expect an even larger pickup and step change as we head to the second half of 2021.”

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

data-driven tools
Leverage Data-Driven Tools and Local SEO for Maximum Search Engine Rankings
July 26, 2024

As businesses continue to navigate the digital landscape, data-driven tools are more crucial than ever for effective SEO strategies. Understanding and implementing the proper SEO practices can make a significant difference with evolving algorithms and competitive markets. Given that 75% of users never scroll past the first page of search results, this statistic underscores…

Read More
On-device AI
On-Device AI is Today’s Tech Innovation, Competition and Market Leadership Driver
July 26, 2024

On-device AI revolutionizes the tech landscape, making it a critical factor for industry dominance. This cutting-edge technology directly integrates advanced AI capabilities into devices, transforming consumer and enterprise applications. This shift stems from the need for improved performance, reduced latency, enhanced data privacy & security, and personalized user experiences. With advancements in neural processing…

Read More
modern supply chains
The Role of AI in Modern Supply Chains: Insights from Aaron Hatfield at Arvist
July 26, 2024

Artificial intelligence rapidly transforms modern supply chains, with companies like Arvist leading the charge. In a recent episode of Hammer Down, hosted by Mike Bush, Aaron Hatfield, the Head of Sales at Arvist, sheds light on AI’s practical applications and benefits in enhancing supply chain operations. Is AI in the supply chain a double-edged…

Read More
semiconductor manufacturing
Training New Semiconductor Manufacturing Professionals is Key to Meet Coming Domestic Manufacturing Demand
July 26, 2024

Over the past few years, the U.S. has made significant strides in semiconductor manufacturing, driven by substantial investments and strategic policies. With the CHIPS Act expected to triple domestic semiconductor manufacturing capacity by 2032, the need for a skilled workforce is more urgent than ever. This discussion explores the key question: What does the…

Read More