Diversification is a Primary Global Supply Chain Strategy for Executives
The Global Small Business Blog
JANUARY 24, 2025
iStock/thitivong Since 2018, many global manufacturers have been diversifying their supply chains beyond China.
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The Global Small Business Blog
JANUARY 24, 2025
iStock/thitivong Since 2018, many global manufacturers have been diversifying their supply chains beyond China.
The Global Small Business Blog
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Now Saudi Arabia has set its intentions on advanced manufacturing, and one company, Alat (Arabic for "machine"), is taking the lead to make the country a new global center for advanced and sustainable industry. Learn how Saudi Arabia is becoming a hot spot for global technology manufacturing with sustainable practices in mind.
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When a foreign manufacturer decides to launch production in Mexico , the first thing they must do is secure a facility and sign a lease. To factor in all the important considerations, from logistics and labor to competitiveness and costs, here are the top 10 questions manufacturers often ask to help them reach a decision.
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manufacturers have the unique benefit of working with Mexico shelter companies to create a seamless transition when launching production in Mexico for the first time. Manufacturers are particularly interested in whether their products will be deemed USMCA compliant. Manufacturers Up for Success appeared first on IVEMSA.
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and other foreign manufacturers look to Mexico as part of their growth strategies. Two areas manufacturing leaders see the most benefit are employee salaries and building leases. To determine if manufacturing in Mexico is the next best step, here’s a general breakdown of costs for each. Also, compared to China, U.S.
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The three Original Equipment Manufacturers (OEMs) argue that the proposed UAW contract would hinder their competitiveness in transitioning to EVs. The three auto OEMs contend that they must shift towards manufacturing EVs to comply with government regulations and maintain competitiveness in the automotive industry.
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As the last months of the year rapidly approach and manufacturers set their sights on 2025, it’s a good time to reflect on how industry dynamics have shifted over the past 12 months. Though the industry is constantly in a state of flux, manufacturing in Mexico remains the best option for those with a U.S.
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The manufacturing industry is in an unenviable position. Manufacturers are being called to reduce their carbon footprint, adopt circular economy practices and become more eco-friendly in general. And manufacturers face pressure to constantly innovate while ensuring stability and safety.
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Industrial and critical infrastructure remain top of mind Almost all the conversations with system integrators strongly focused on operational technology (OT) security, which clearly is a high-opportunity area across different industries such as manufacturing, energy & utilities, and critical infrastructure (water, pipeline, etc).
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Contracts should define a clear RACI matrix for how data will be managed Large language models (LLMs) and 3rd party original equipment manufacturers (OEMs) leveraged: The parties should have clarity on the LLM which will be used for the solution. Will it be an open-source model, a pre-trained model, or a custom-built one?
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Today’s manufacturers are wielding the double-edged sword of cloud-based solutions and artificial intelligence (AI) to achieve operational excellence. But NetSuite isn’t just another enterprise resource planning (ERP) software; it’s a platform specifically designed to cater to the unique demands of manufacturing.
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This will add another feather to Aramco’s cap as the World Economic Forum has already recognized four of Aramco’s facilities as “Manufacturing Lighthouses” for their extensive use of advanced solutions. By the end of this year, Aramco plans to augment this model with 1 trillion parameters.
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This is the third blog in our series on trends in the manufacturing industry and how the Salesforce platform can address business challenges. Click here to learn more about our Salesforce manufacturing expertise. Read the first and second installments. There are many ways to make business processes easier.
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This is because of the unique nature of engineering services, which is characterized by new-age design thinking (across software product engineering) and deep-domain expertise (across manufacturing and connected products engineering).
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Learn about the OT security concerns enterprises face and key considerations for selecting an OT security provider in this blog. . But stalled assembly lines or production units directly impact end buyers and can be disastrous for manufacturers.
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©iStock/LeMusique According to US media reports , the All-American Flag Act has been passed by Congress, requiring the federal government to purchase only American flags that have been completely manufactured in the US. Advocates of the measure argue that in 2017, the US imported some 10 million American flags, and 99.5
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Multiple teams can then leverage the data for predictive and prescriptive analytics, real-time visibility, and data-driven decision-making.
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©iStock/Prostock-Studio Built by industry experts and relied on by market-leading brands and manufacturers, Worldly provides your business with the insights needed for impact improvement, compliance, and disclosure. Spot trends, learn about compliance, and find more sustainable materials. There is always room for improvement.
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where technology is revolutionizing every aspect of business operations, the manufacturing industry stands at the forefront of innovation. In this blog, we explore the importance of data and analytics in the manufacturing industry. In this blog, we explore the importance of data and analytics in the manufacturing industry.
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These developments reflect how leading providers are not just responding to immediate market needs but are also setting the foundation for future growth.
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©iStock/Henk Bogaard In a global marketplace reshaped by volatile forces — not least the animosity between the United States and China — India shows signs of emerging as a potentially significant place to manufacture products. Yet the trouble is they – in India – are slow. Slow on samples. Slow on producing. Slow on deliveries.
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This should include, for example, new product designs, manufacturing equipment, and process recipes for making your new products. By assessing the strength, uniqueness, and market potential of your IP assets, you can determine your value in a global marketplace.
The Global Small Business Blog
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OEMs recognize this before it’s too late to address the country’s manufacturing decline." He ends the article with: "Onshoring to an American supply base is the future for American industry. I hope U.S. Read the entire article published at Industry Week.
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©iStock/Jira Pilankharom Data over the past week captured a worldwide weakening as infections from a Delta surge hit travel and spending and worsen supply bottlenecks that are dampening manufacturing and trade.
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