What the Future of Manufacturing Looks Like
And as manufacturers think about keeping their own companies alive, mitigating risk of disruption to their supply chain will climb to the top of the priority list as we all move forward.
What will the economic recovery look like? A recent Reuters poll of more than 50 economists revealed predictions the global economy could shrink as much as 6% or grow up to 0.7% by the end of 2020.
While no one can pinpoint exactly how long it will take for the economy to ramp back up, we can be certain that manufacturers in all industries are looking for ways to avoid costly delays in the production of their products.
How VCC and Other Innovators Are Leading The Charge
A seismic shift from offshoring to nearshoring is predicted to minimize risks of supply chain disruption. This topic is of particular importance in the electronics industry, where even OEMs without production facilities in China likely still have multiple suppliers based there.
To address how electronics manufacturers can strengthen their supply chains in ever-changing times, Insomnicat Media is hosting the webinar, “A Key Player in the Future of U.S. Manufacturing,” on May 19th at 3 EDT.
During this panel discussion, leaders from forward-thinking companies like VCC will be discussing what manufacturing could look like soon — and what offshoring companies should consider doing now.
SVP Business Development, President TTI Semiconductor Group
Co-Founder, GDP Advisors
President, LMA Consulting Group
Well-Positioned for Whatever Tomorrow Brings
Long before any of us thought about the supply chain revolution the coronavirus pandemic would bring, we strategically set up North American manufacturing facilities just across the border in Mexico. In doing so, we help our clients take advantage of:
- Skilled, cost-effective labor
- Faster delivery times
- Enhanced communication with experienced designers
- Tariff-free production and delivery
- Greater reliability