Category: Insights

Nearshoring to Mexico Nearshoring: ¡Vamos a México! Driven by federal incentives, geopolitical risk, and pandemic aftershocks, restoring and nearshoring continue apace. [Screenshots of various article titles about restoring and México] Kormac's senior operational experts have diverse experience designing, launching, and operating manufacturing facilities south of the border

Nearshoring to Mexico

Nearshoring: ¡Vamos a México!

Driven by federal incentives, geopolitical risk and pandemic aftershocks, reshoring and nearshoring continue apace. For manufacturers compressing supply chains, nearshoring to our southern neighbor provides a comfortable, cost-effective option. Companies of all size are feeling the pull – even 88% of small and medium sized businesses are “reshuffling their supply...
CNBC State of Freight What the latest warehouse data is signaling about inflation and the economy Published Thu, Jan 12 2023-6:00AM EST | Updated Thu, Jan 12 2023-6:07PM EST Author: Lori Ann LaRocco

Getting Warehouses into Shipshape

CNBC State of Freight: What the latest warehouse data is signaling about inflation and the economy

CNBC’s recent “State of Freight” updates reveal “High inventory levels are limiting [warehouse] capacity, and combined with less new square footage coming into the market due to higher interest rates, are keeping prices up even as the economy slows.” Kormac has sensed those headwinds as many manufacturing leaders have recently...
Inventory Intelligence Inventory Reduction Precision Supply chain disruptions have left many organizations holding excessive inventory. Guided by precise, item-level insights, we're helping clients align, forecast, and make strategic decisions to optimize demand and supply. Typical Results: - 10%-90% cost reduction - 20%-30% inventory reduction - 25%-60% space reduction

Inventory Intelligence

Inventory Reduction Precision

As supply chain disruptions ease, many organizations are left holding excessive inventory accumulated during the turmoil. Our Inventory Intelligence Surgical Strikes provide a path out of the wilderness toward optimized inventory and availability. While inventory executives can typically slice and dice data to reveal relative performance and volumes, they often...
The New York Times Another Big Boomer Effect One generation's impact on the work force

NYT: Another Big Boomer Effect

“Boomers are (finally) retiring. That could reshape the economy for decades.”

As home value appreciation and pandemic risk prompt more seniors to permanently exit the labor market, companies are facing an experiential “brain drain.” Many teams rely on informal knowledge and know-how trapped in the heads of tenured employees. When we analyze organizations, we often find huge gaps between processes as...
Interim Leadership Transforming a Plant as Interim GM When an integrated contract manufacturer lost its GM, Kormac provided a skilled interim leader Client Gratitude: Farewell messages to Kormac GM from dozens of plant employees [overlayed on top of image of the letters] On site for 10 months, our interim GM dramatically improved plant performance and morale

Interim Leadership

Transforming a Plant as Interim GM

We all lose our heads sometimes, but it’s big trouble if a factory does. When a leading manufacturer of aerospace fabricated assemblies lost its facility general manager, executives knew it could take months to find a qualified replacement. Unfortunately, their 50,000-square-foot integrated contract manufacturing facility needed a leader immediately. Kormac...
Delivering Delight Good People Doing Good Work Leaders engage consultants for countless reasons, but how often do they actually enjoy the collaboration? Our clients say... "Kormac was a pleasure to work with" "A great value" "Highly impressed with their talent" "Executed to our fullest expectations" "Strongly recommended"

Delivering Delight

Good People Doing Good Work

Leaders engage consultants for countless reasons, but how often do they actually enjoy the collaboration? We frequently hear stories of client trauma inflicted by consultancies that left behind unresolved problems or cultural damage. Why? Too many consultants prioritize their own business needs over their clients’. Inverting that myopic approach, Kormac’s...
Manufacturing Facilities Optimization: Detailed Plant Scenarios and Modeling - Reduced manpoower requirements by 33%, cut warehouse overtime, and optimized off-site storage locations

Manufacturing Facilities Optimization: Detailed Plant Scenarios and Modeling

Reduced manpower requirements by 33%, cut warehouse overtime, and optimized off-site storage locations

As US manufacturers consider reshoring, they’re often prompted to reevaluate the configuration of existing facilities, including storage. We help such leaders develop detailed plant scenarios and models to guide recommendations on combining, consolidating, redesigning, and/or automating plants, including estimated costs and savings for each scenario. To follow is a chemical...
Assembly Magazine. October 19, 2022 by Harry Moser Geopolitical Forces Drive Record-Breaking Reshoring

Reshoring

Geopolitics Drive Nearshoring & Reshoring

“Geopolitical risk and the advantages of domestic manufacturing are motivating more and more companies to move production back to the U.S., driving job announcements to record-breaking highs.” Assembly Magazine’s October assessment reflects our own experience: reshoring’s proximity to end-use customers provides compelling relief from logistical issues, risks, and costs. Kormac...
Resource Utilization Resource Whiplash: From Ferocious "Battle for Talent" to Hasty Job Cuts 80% of CEOs say they are or will consider downsizing their employee base in the next 6 months Rather than cut talent you may not be able to replace, we recommend: - Exploring all cost management levers - Implementing robust SIOP to support timely, informed course correction - Redesigning facilities, processes, and workplow to more effectively match labor with demand

Resource Utilization

Resource Whiplash: From Ferocious “Battle for Talent” to Hasty Job cuts

Got whiplash? We went from a ferocious “battle for talent” to talk of widespread job cuts in the span of just a few weeks. A recent CEO survey found that 80% of leaders are or will consider downsizing their employee base in the next 6 months. But before we resort...