Is Your Supply Chain a Source of Hidden Profits?

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Jim Tompkins, president and CEO, of Tompkins International, has seen many opportunities that have gone unnoticed by companies in this more than three decades advising Fortune 1000 global companies. In this podcast we discuss Tompkins recent trip to China where he spoke with dozens business executives about their China business strategies and improving their supply chain to meet Chinas domestic and exporting demands.

China is in a transformation, but perhaps more of an advancement. Youve read the articles about China no longer being solely a low cost manufacturing center, but that transition will take many years according to Tompkins. Today, he sees a complex and dynamic manufacturing sector in China that must meet their growing domestic consumer demands, which presents unique supply chain challenges and solutions. In addition, as Chinas government continues its progress toward incorporating market driven thinking, more integration is taking place among supply chain partners, more businesses are creating joint ventures, and mergers and acquisitions.


Jim Tompkins meeting with executives in China

Tompkins believes this environment combined with a global consumer sensitized to price makes it even more important to find the hidden profits in your supply chain. Profits exist in creating internal efficiencies that will allow companies to be more competitive, more profitable while having little to no impact on the consumer facing side of the business. Supply chain ! improvem ents are where many companies that Tompkins advises have been finding profits.

Tompkins writes more on supply chain issues at his blog Supply Chain and Logistics Issues. Tompkins International is the parent company of Technomic Asia.


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