John Mark McDougal was recently interviewed for a feature in Industry Week. Read article here:
The pain points laid bare by the shortages of semiconductors, freight containers and workers to build and ship those products are helping suppliers secure contracts with higher minimums and more guarantees, said John Mark McDougal with business advisory company LBMC where he is the lead shareholder for services provided to the manufacturing and distribution sectors. Contract negotiations also bringing OEMs and suppliers closer together and improving the points of connection between the two parties.
“There’s never been a better time for doing great work and being treated well,” McDougal said. “But it’s also more important than ever to manage your risk by knowing the landscape and knowing your customers. Just feeling your way through this won’t work.”