I had the pleasure of representing the United States in the World Manufacturing Forum in thesession “Back to the Future: Manufacturing Beyond COVID-19“. I talked about the fact that weare at a crossroads between efficiency/ costs and resiliency/ responsiveness, how to turn that orinto an [...]
Of course, it was very exciting to be featured on Bloomberg's 'What'd You Miss?' show! It speaks to the rising popularity of reshoring and business executives' concern about dependence on Asia, China, far away suppliers, and geopolitical and supply chain risks that Bloomberg is searching for supply chain experts [...]
"As manufacturers realize what can be achieved with technology such as AI, IoT, robotics, and additive manufacturing, they are sourcing manufacturing closer to the customer to create a customer experience advantage (rapid customization and delivery) with a lower cost base," comments said Lisa Anderson, founder and president of LMA [...]
Apple has developed its own processors for years but has recently increased its focus on the in-house design of components.
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.
LMA study finds 70% of US manufacturers expect near-sourcing to rise in the next 5 years due to Amazon effect, cost, & communication benefits.
Manufacturers considering insourcing to the U.S. and near-sourcing options to Mexico and other closely located countries because of the Amazon effect -- the need for rapid response to customer needs.
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI.
Explore the advantages of outsourcing, insourcing, and nearsourcing to meet strategic goals, control costs, and enhance customer satisfaction.
