The China lockdown, the Russia-Ukraine war, high oil prices and container tariffs — input costs for manufacturing companies are likely to stay high for a while.
To manage cost inflation, they must look inward.
GEP’s new white paper, The 7-Point Plan to Help Manufacturing Companies Mitigate Cost Inflation, recommends a range of strategies — from process improvements and data cleansing to value engineering and nearshoring — to help manufacturers contain costs. It also discusses how to effectively implement and sustain these solutions.
This paper is essential reading for supply chain and procurement leaders from industrial manufacturing and automotive companies looking to offset the brunt of inflation.