Next-Shoring: New Frontier for Manufacturing?

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Hailey Lynne McKeefry
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Re: Next steps to Next Shoring
Hailey Lynne McKeefry   9/25/2014 7:02:05 PM
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@SP, It's not alwaysa bout moving locations. Sometimes, its about shifting resources or making new partnerships. I think, increasingly, organizations are going to have to think outside the box for manufacturing alternatives. It's prohibitively expensive to always go the build it yourself route.

SP
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Re: Next steps to Next Shoring
SP   9/9/2014 2:29:56 AM
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are they going to change their manufacturing locations? not practical from cost perspective.

Hailey Lynne McKeefry
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Next steps to Next Shoring
Hailey Lynne McKeefry   9/8/2014 7:23:24 PM
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I read with interest January report from McKinsey & Company titled "Next-shoring: A CEO's guide." It outlined a set of steps for organizations to reach this new level of planning: 
  • Optimize location decisions: Emerging markets are growing in their consumption, and it is important to have manufacturing facilities that are close.
  • Build supplier ecosystems: Successful new products will result from the combination of technical expertise and local domain knowledge.
  • Develop people and skills: Manufacturing is evolving, and it needs talent to thrive. Different regions will face different workforce challenges.


What do you think?

Hailey Lynne McKeefry
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Learning curve
Hailey Lynne McKeefry   9/8/2014 7:20:24 PM
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In concept, this all makes sense to me. I'd be interested in what OEMs and distributors see as the biggest challenges to making this shift to next shoring.

FLYINGSCOT
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onshoring plus
FLYINGSCOT   9/8/2014 12:28:03 PM
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I have never been a big fan of chasing the lowest cost countries as when does it ever end so I will read the full article with great interest.  I suppose it makes sense for companies to find the optimal solution to supply chain management across the globe.

_hm
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Lost direction and confusion
_hm   9/6/2014 6:49:54 PM
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Yes, most organizations has lost sense of direction for locating manufacturing and research centers. They look at each other in confusion and may need help from some leaders.



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