ILMA Compoundings - Jul/Aug 2021 - 26
more modern lubricants that deliver
improved cleanliness, fuel efficiency
and reduced emissions, " he said. " It is
an exciting and dynamic time to be in
the lubricants industry. "
SUPPLY CHAIN STRUGGLES
The supply chain was significantly
impaired by COVID-19, which Lora
Cecere, founder of Supply Chain
Insights, characterized as the perfect
storm. Even before the pandemic, only
one-third of supply chain leaders were
satisfied with their supply chains.
Cecere said it is time to rethink
supply chains, warning that the most
efficient supply chain isn't always the
most effective. She added that only 9%
of companies actively design their supply
chains. " We've gotten so caught up
in transactional efficiency, we haven't
designed the supply chain, " she said.
Companies also need to rethink
risk management within the supply
chain. " Traditionally, when we had
risk events, whether it was a hurricane,
earthquake or the ash storm over
Europe, when the event subsided, we
had a new normal. Here, we don't
have a new normal, " she said. Instead,
supply chain managers must ride
continuous waves of disruption. " It is
important to adapt to market signals. "
Colleen Murphy Smith, director of
base oils for Motiva Enterprises and a
panelist at the Lube Trends Live town
hall breakfast, said that as a producer and
shipper, Motiva has always been concerned
about fog, hurricanes and floods,
but now the conversation has shifted to
include cyberattacks and failing infrastructure.
She said the company focuses
on agility and utilizes all three modes of
transportation: water, rail and road.
Greg Julian, president of Advanced
Lubrication Specialties and another
panelist at the town hall, said inventory
levels for the industry are not where
they need to be. He added that many
manufacturers are running smaller
batches and need longer lead times.
MANUFACTURING CHANGES
Peter Zelinski, editor in chief of Modern
Machine Shop Magazine, said pandemic-related
supply chain challenges will
bring changes to manufacturing. " The
obvious challenge is the supply chains
that stretch very far and are more costly
than we expect them to be. An ongoing,
steady re-ramping up of capability in
the U.S. is going to be the result of this, "
he said. " International production isn't
going to go away, but products being
used in the U.S. being made in the U.S.
is the way going forward. "
From left, panelists ILMA General Counsel Jeff Leiter, Dennis Bachelder of API, ILMA CEO and moderator Holly Alfano, Motiva's Colleen Murphy Smith, and Greg Julian of
Advanced Lubrication Specialties discuss the latest industry trends during #LubeTrends Live.
26
JULY/AUGUST 2021 | COMPOUNDINGS | ILMA.ORG
http://www.ILMA.ORG
ILMA Compoundings - Jul/Aug 2021
Table of Contents for the Digital Edition of ILMA Compoundings - Jul/Aug 2021
ILMA Compoundings - Jul/Aug 2021 - Cover1
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