thanks Barbara for putting some of the highlights of the report. I assume that such informations are very crucial for any company that is looking for setting up manufacturing plant in one of the developing nation. Is this first of a kind report or are there specific points that are mentioned in this report that will help companies to make their decision? I checked the link that you have included and the report costs 7500 USD!
Dave, I agree with you that cost is the main focus and the primary reason why companies are looking for off-shore manufacturing partners. However, the company also has to consider whether it would be able to sustain the business model in future as well. For that, other factors such as sources of finance, laws and regulations, and labor issues are also important. Considering only short-term cost savings and ignoring other factors may not be such a smart decision.
Hi Barbara, great points.Once a US company for example decides to set up shop overseas and will be selling those products back in the US, the main focus is on costs, specifically labor and location and logistics are secondary priorities.True they are all important, but if logistics and location are the main priority, then offshoring manufacturing would be contradictory.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.