Manufacturers are constantly looking at new technologies to improve processes, cut costs and expand the breadth and depth of products they provide to customers. But how do you decide on the best way to get access to the needed technology?
Everyone is talking about reshoring these days. Last week, there was an entire conference dedicated to the subject at Mississippi State University. In attendance was the Mississippi Merchandise Manager for Walmart, who said, “We have made the commitment that in the next 10 years, we are going to purchase an additional $250 billion of U.S. manufactured goods.”
You would think that Hollywood would be the largest employer in the LA market. Not so. According to the U.S. Dept. of Labor, manufacturing is the No. 1 job category in LA, with 510,000 manufacturing jobs, outpacing Chicago and New York.
Have questions about whether you would benefit from onshoring? This case study from bicycle manufacturer Kent International might help answer them.
Businesses that outsource research and development (R&D) overseas are more likely to innovate than those who outsource at home, says new research. IBM’s strategy of building research capability in places like Switzerland, China, and India mirrors that of GE, Intel and others. Ordinarily the purpose of outsourcing R&D was cost reduction, but many are now doing it to boost innovation as well.
"In some areas we have outsourced too much," General Electric CEO Jeffrey Immelt acknowledged in a speech as he announced plans to open...
Over the last two years, companies have started to move away from offshoring, bringing operations back to the US. So what has triggered this change? Simple: cost, capital, and the job market.
American businesses have been shifting operations offshore so that now international sales account for 60% to 80% of total sales. It's time to brings things back to the States. William Holstein explains why CEOs need to rethink the impulse to go offshore.
In its earliest phase, offshoring was driven by cost reduction and limited to non-mission-critical work such as call centers, credit card processing and administrative...