Tag Archive: near-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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The Latest Trends

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I recently spoke on the topic of the latest trends and what is in store for 2018. The Amazon Effect is still top of mind as well as near-sourcing, finding a “right fit” team member and technology. You need to be thinking of how these trends are likely to impact your business.
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Samsung Expanding Manufacturing in the U.S.

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Samsung announced that it is expanding manufacturing operations and its commitment to American consumers, engineers and innovators. They are putting money where their mouth is by investing $380 million with the plan to hire 1,000 workers for this new state-of-the-art facility that will manufacture appliances. This facility will take over manufacturing being done in Mexico. In this case, near-sourcing to customers in Mexico isn’t enough; they want to be even closer to customers, engineers and innovators! Manufacturing in the U.S. AND locating manufacturing to the U.S. is making sense! In Samsung’s case, there is a commitment to sourcing and collaborating closely with…
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Reshoring Gains

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According to Industry Week and the Reshoring Initiative, after two decades of job losses, we have turned the corner. In 2014, we had a net gain of 10,000 reshored jobs. And, clearly, this is picking up steam especially as we are in the thick of 2017. According to the article, South Carolina is the top winner thus far, followed by Michigan and California (surprising; however, since Boeing is the 3rd largest reshoring company, it makes sense), Kentucky and Texas. Walmart and Ford were the top two reshoring companies. There is certainly a buzz with reshoring and near-sourcing. We’ve received calls from several potential…
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Manufacturers Upbeat but Worry About Skills Gap

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According to Industry Week, the Fed’s survey of the economy expressed optimism; however, it also noted that labor markets are tightening. Since I’m also embarking on refreshing my 2013 Skills Gap research report, thus far, I’ve noted the same concerns for high-skilled positions. I hear far less conversation about lower-skilled positions when it comes to availability (instead I hear about minimum wage concerns); however, the vast majority of my clients require higher-skilled positions. In these cases, it is not always easy — or even attainable — to find the resources needed on a timely basis. What are you doing to get…
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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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70% of Manufacturing Execs Say Near-Sourcing Will Increase

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Lisa Anderson MBA, CSCP, president of LMA Consulting Group, conducted a proprietary research study to better understand outsourcing, near-sourcing and insourcing trends for U. S.-based manufacturers. Pending further analysis, Anderson reports on a preliminary finding that shows that 70% of responding executives expect near-sourcing to increase within the next five years. Survey data was collected from August to October 2016, and the U. S. presidential election may have an impact on this trend toward near-sourcing. “I’ve seen that manufacturers were already considering insourcing to the U.S. and near-sourcing options to Mexico and other closely located countries because of the Amazon effect – the need…
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Crowdsourcing Is In

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In asking questions about outsourcing, insourcing and near-sourcing of the executive panel at APICS Inland Empire’s Symposium, we heard several great stories. One of them was compelling about the value of crowdsourcing. Crowdsourcing is the practice of engaging a ‘crowd’ or group for a common goal — often innovation, problem solving, or efficiency. It is powered by new technologies, social media and web 2.0. It is simply amazing as to what can be achieved with these out-of-the-box strategies. Many big name companies who can put “big bucks” behind their efforts have found that they can achieve far more with crowdsourcing…
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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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