The confluence of political measures and current world events is creating an environment in which manufacturing is moving from China to the United States. American companies are starting to bring manufacturing back to the United States. While there is no by no means a stampede back home, the rate of return or the “reshoring” of […]
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From the production of automobiles and agricultural machinery, to the manufacture of fighter jets, and even in the operation of ATMs: industry in both Mexico and the United States depends upon what is manufactured in each country. Because of this set of circumstances, it is important to know how the quarantines of factories in Mexico […]
According to figures compiled by the Mexican Association of the Automotive Industry (AMIA),
automotive manufacturing in Mexico produced approximately 2.6 million vehicles in the first three quarters of 2019.
Industries in Mexico such as aerospace, automotive, electronics and medical devices all face different challenges and opportunities. Predictions are that the country will rank seventh in manufacturing competitiveness by 2020. Industries in Mexico are expected to grow significantly over the next several years because the country belongs to a steadily expanding North American manufacturing cluster […]
On June 7th, Mexico and U.S. reached a last-minute deal to avoid the imposition of punitive tariffs on US imports from Mexico. We are pleased with the outcome of the negotiations because a possible trade war has been averted. Despite this, however, Prince Manufacturing is well-positioned to service its customers on both sides of the […]
In the modern consumer market, it is absolutely essential to improve time to market. The ability to capitalize on an idea requires a streamlined process. From concept to manufacturing to distribution, each stage must be approached strategically to respond to current consumer demands one step ahead of the competition. This, however, is easier said than […]
Technology by nature is designed to create efficiencies. Nowhere is that spirit of progressive innovation more important than in the U.S. manufacturing sector, which accounts for over $2.3 trillion in gross domestic product, or roughly 11 percent of the overall economic output of the entire country. Manufacturing is the second step in the supply chain, […]
It’s the same story with many companies who consider contract manufacturing. They grow, begin exceeding in-house production capacities, decide to find a contract manufacturing partner, and realize outsourcing is just too difficult and confusing. This guide will walk you through the first considerations to evaluate, which questions to ask, and how to know contract manufacturing is right for your organization.
For nearly two decades, US manufacturers saw China as an optimum location for assembly operations – but reshoring from China is becoming a new trend. Due to a myriad of factors – from labor prices to fuel costs to infrastructure – US manufacturers are now bringing their operations back home. The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular.
As simple as it may sound to reduce manufacturing costs, many producing companies are often at a loss. But the plain fact is, it does not matter how popular your product if you can’t sell it at a profit. It pays to understand these key ways to reduce manufacturing costs and increase profitability.