Manufacturers Should Prepare for Challenges that Lie Ahead
Foley & Lardner LLP today published its inaugural Manufacturing White Paper examining the business and legal trends that will influence manufacturing industry business decisions.
As the global economy faces the third year of the pandemic, manufacturers are no longer focused on figuring out when things will return to “normal.” Instead, they are applying lessons learned from the past few years to become even more agile and resilient as they evolve their operations to succeed in this “new normal.”
Severe supply chain disruptions continue to be at the forefront of the adaptation conversation, with some companies taking a closer-to-home approach through “nearshoring” of production and resources. The impact of the war in Ukraine and unprecedented levels of inflation also pose a new set of obstacles. At the same time, manufacturers are also feeling the pressure of a tight labor market, the looming SEC requirements for greater public disclosures, and stiffer antitrust enforcement following the “Promoting Competition in the American Economy” executive order.
All of these factors bring their own unique legal and business considerations, but despite the many challenges, there is also the potential for great rewards through cloud adoption, artificial intelligence, and all things "Industry 4.0."
Foley’s Manufacturing White Paper explores these transformational shifts in detailed sections, including:
Attorneys in Foley’s Manufacturing Sector serve as go-to trusted advisors to manufacturing companies as they grow and innovate. The multidisciplinary team includes more than 100 attorneys with deep manufacturing industry experience who assist clients through challenges at every point in a business evolution. The team advises on a broad range of legal and business issues, as well as on matters such as divestitures, acquisitions, cross-border partnerships, procurement, supply chain resilience, environmental, social and governance (ESG), sustainability, product stewardship, distribution strategy, litigation, workforce recruitment and retention, intellectual property, trademarks, data protection, warranty, and regulatory compliance.
To read the full white paper, click here.
Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.