Where to Locate It? Competitive International Regions for Manufacturers.
With competition high and margins squeezed more than ever before, manufacturers are pressured to keep operating costs to the absolute minimum, while still maintaining product quality and satisfying customers. To do so, many companies are exploring cost-effective manufacturing locations – or wondering if they should. Our recent report is based on a survey of small and midsized manufacturers. Respondents were asked about their opinions, priorities and experiences with respect to low-cost manufacturing locations globally, in an effort to better understand the range of best practices and strategies for success. Hopefully this slideshare, as well as our report, will help you benchmark destinations, priorities and approaches as you continue on your journey to minimize costs while still maintaining quality and operational effectiveness.
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Where to Locate It? Competitive International Regions for Manufacturers.
- 1. WHERE TO LOCATE IT?
- 2. WHERE IN THE WORLD? *ABOUT US: US-based Entrada Group partners with international manufacturers seeking to enhance their competitiveness in the global market by swiftly and easily establishing a cost-competitive production facility in Mexico to serve North and South American, as well as European, markets.
- 3. FINDING #1 PROXIMITY IS APPEALING
- 4. WHERE IN THE WORLD? QUESTION:! What locations did survey participants find most! attractive for low cost manufacturing?!
- 5. MANUFACTURERS LIKE THE US… #1!
- 6. …WITH MEXICO RANKING HIGH #2!
- 7. While the US is the most attractive low-cost manufacturing location, among respondents from companies that already manufacture in two or more locations, Mexico and the US tied, each with 23 percent of the response.
- 8. OTHER NOTABLE DESTINATIONS US AND MEXICO ! RATED AHEAD OF CHINA, OTHERS !
- 10. WITH LABOR COSTS RISING IN THE FAR EAST, IT IS NOT SURPRISING THAT COMPANIES ARE CONSIDERING PRODUCTION IN THEIR OWN BACKYARD. Doug Donahue Entrada Group
- 12. WHAT MANUFACTURERS TELL US QUESTION:!
- 13. WHAT MANUFACTURERS TELLS US 67% OF RESPONDENTS ! PLAN ON OPENING A FACILITY IN! A COST-EFFECTIVE LOCATION(S) ! !
- 14. WHERE IN THE WORLD? HOW EXPERIENCE MATTERS! Survey participants reveal sharply different sentiments when grouped by one key criterion: whether they manufacture products in a single location or multiple locations.! !
- 15. EXPERIENCE = CONFIDENCE Companies that currently manufacture at two or more locations revealed a greater appetite for future expansion to a low cost location, compared to firms producing solely at their headquarters.
- 16. ENTRADA INSIGHT DOES YOUR COMPANY LACK ! SITE SELECTION EXPERIENCE?! Engage a provider with knowledge of the local market to help reduce the fear of the unknown, no matter what country is being evaluated. !
- 17. FINDING #3 QUALITY AND BOTTOM LINE BOTH COUNT
- 18. WHERE IN THE WORLD? QUESTION:! What were the top three factors respondents! said they consider when thinking about their! company’s manufacturing locations?! !
- 19. FACTORS RANKED
- 20. “While respondents overall rank high-quality production as the most important factor when choosing a manufacturing destination, low operating costs was tops among companies when reflecting on motivation for past expansion, by more than two-to-one over high-quality production.” Doug Donahue Entrada Group
- 21. Transitioning to Mexican production can be costly, risky and overwhelming unless you have the expertise to manage the setup and ongoing operation of a production facility in Mexico. Small- and midsized manufacturers, in particular, lack the resources and know-how to make such a shift. Entrada Group can help…
- 22. TO LEARN MORE Sign up here for our upcoming webinar on Mexican manufacturing.