Business leaders discuss advantages of state’s logistics resources
In today’s competitive global economy, Michigan businesses are searching for ways to strengthen the backbone of their enterprise – logistics and supply chain. Effectively managing warehousing, distribution, inventory and production are at the core of profitability and the driving force behind the state’s newly created logistics and supply chain strategic plan.
That strategy along with the emerging challenges facing small- and medium-size businesses were among the topics at the “Michigan Supply Chain Innovation Summit” at the Henry Ford Event and Conference Center in Dearborn.
“There’s a new emphasis in economic development strategy on the significance and priority on the state’s supply chain network,” said Steve Arwood, CEO of Michigan Economic Development Corporation, which co-hosts the supply chain summit along with Prima Civitas, a nonprofit community and economic development organization.
“At the MEDC, our role is to serve as a catalyst and facilitator, bringing together the private sector, distinguished academic minds, public sector resources and a strategic approach to meld knowledge with economic opportunity,” said Arwood. “The summit is a major step in making the state’s logistics and supply chain strategy a reality.”
Located at the heart of the NAFTA corridor and as the capitol of U.S. manufacturing, Michigan’s supply chain and logistics network combines global know-how and on-going innovation, according to Arwood. The state’s strategy focuses on providing key logistical support to a range of small-to-midsize manufacturing and agricultural businesses.