Cheap natural gas has to be one of the top stories of the year. It is all over the press. Wall Street Journal had stories on cheap natural gas helping the rust belt, low-cost gas being the real economic stimulus, and new plants being built in the US because gas is a key input. Supply Chain Digest’s, Dan Glimore thinks natural gas trucks will have big impact as well.
And, the list goes on and on.
At Northwestern’s Masters in Engineering Management blog, we had a discussion on what managers should do about this: The simple answer is to make more products in the U.S. The more complex answer, of course, is that network modeling will help you figure out what to do.