It used to be that auto manufacturers’ success was based on their ability to efficiently and profitably design, produce, sell and ship products. But in a fast-changing world, with more complex engineering and the outsourcing of sub-components, manufacturers now have to consider the quality and safety of their products as well. (more…)
Sometimes it takes an unfortunate occurrence, initiated by malicious actors, to drive home the realization that we operate our businesses under the predatory gaze of thieves. For me, despite years of experience in risk identification, mitigation, and transference, that defining event came several weeks ago, when I found an email in my in-box from one of our senior execs: (more…)
Recalls are expensive and often extremely damaging to not only the brands involved but the producers and manufacturers. Customer satisfaction is vital in all industries – from food production to electronics manufacturing. When customers purchase products, they expect not only quality, but reliability from the product that they have purchased. (more…)
The World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. While no one can accurately predict the long-term effects of COVID-19, many have already felt the effects of the disease, and have been left wondering about its impact on global manufacturing and distribution sectors. As it stands, 75% of companies worldwide have reported supply chain disruptions as a result of COVID-19, according [...]
Product recalls are one of the biggest risks that manufacturers have to face. According to the insurance industry, the average cost of product recall claims is over US $1 million. Product recalls in the electronics industry were 15% of all recalls in the EU in Q1 2019, and 29% in the US. (more…)
Digital transformation is a phrase that has been discussed, exchanged and debated for the last couple of years. In fact, Industry 4.0 — a subset of the Fourth Industrial Revolution — was publicly introduced in Germany, in 2011. It was a government-lead initiative to enhance German competitiveness in the manufacturing industry. Despite the digital call to action, many global manufacturers have been left with [...]
In the past few years, supply chains have become increasingly more connected and complex. At the same time consumer demand for transparency, combined with rising expectations, is at an all-time high. Having visibility throughout your supply chain can be a game-changer – not only can it help you manage disruption but also reduce risk, gain control and improve your customers’ experience. (more…)
As we start to settle into 2020, it promises to be a momentous year for UK manufacturing. In a post-Brexit climate, there is an opportunity for our Movers and Makers to explore new avenues of growth, exploit new trading relationships and demonstrate their strengths on the global stage. (more…)
After 4 days of meetings with customers in Kenya, I have realized that over-delivery is the way to go here for long long-lasting business relationships. We need to think ‘customer first’ where the goal for both is lifetime value. This market combines family heritage and entrepreneurial beginnings. (more…)
As your manufacturing firm seeks to diversify, improve operational efficiencies and increase market penetration (among other goals), embarking on an Industry 4.0 initiative is a likely first step. While adopting new technology that can help you compete globally and achieve sustainable growth can appear to be a daunting task given the time, resources and cost required, getting it right is imperative. (more…)
Contact Us
