Have you ever trained to run a marathon? What about running an obstacle course? Learn how running a marathon is a lot like navigating the world of product development in our new blog.
Reshoring seems simple: bring manufacturing back home. The counterargument—offshoring saves money—is also simple, and for decades has been perceived as a winner. Reality lies somewhere in between, as the total cost of ownership needs to be considered, including intangibles. Conceding for the moment that there is real cost savings from low–cost offshore labor, let’s look at the other factors…
I have spent the last fifteen years in manufacturing and supply chain, working on and off with companies in China. I’m used to expecting the week off for Labor Day in May and Golden Week in October. I know the time difference by heart. And every year I start planning ahead for Chinese New Year…