Tag Archive: in-sourcing

Manufacturing is HOT

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In the last week, not only have there been several articles about the positive strides manufacturing is making but it also has come up in several presentations we have attended such as the Inland Empire Economic Forecast. Here is a compilation of just a few of the HOT topics and trends.
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Manufacturing Expands at Fastest Rate Since 2010

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According to the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index, manufacturing is on an upswing. The composite index rose in January, making it the fifth straight monthly expansion. New orders and production grew strongly! And the Dallas Federal Reserve Bank reported that manufacturing activity expanded at its fastest pace since April 2010 — more importantly, leaders are positive about the next six months. In fact, the forward-looking outlook measure jumped to a level not seen in 12 years! Are you ready? What Should We Consider and/or What Impacts Could Arise? Although this is great news for manufacturing, we should make…
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Outsourcing, Insourcing or Near-Sourcing?

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We are managing in an Amazon-impacted world. Customers expect rapid deliveries, 24/7 accessibility and products and services tailored to their needs. Customers are not willing to wait. In fact, they prefer same-day delivery. Our manufacturing clients are experiencing lead time reduction requests from their customers. Some are requests; many are required to maintain the business. It is wide spread. Building products that clients ship within a day. Food clients ship rapidly — within a day or a week at most. Optics, industrial equipment, consumer products — across-the-board requests for shorter lead times. And even clients such as aerospace with traditionally…
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Outsourcing, In-sourcing, Near-sourcing?

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For many years, companies outsourced as a natural course of activity. Unfortunately, often times, they didn’t even perform an analysis of the total benefit; instead, everyone else was outsourcing and so CEOs, Board of Directors and the like expected it to occur. Now, I host executive discussions and the topic arises in reverse. Let’s bring back manufacturing to the U.S. Even Walmart is promoting their investment into U.S. manufacturing…. Of course, I advocate looking at the facts. It is not so easy to move factories, equipment and people all around. Take stock of what you are doing and consider the following factors: 1.…
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