The document discusses 4 reasons for the comeback of US manufacturing: 1) the end of cheap oil means higher transportation costs that make domestic production more competitive; 2) labor is no longer the cheapest in developing countries as wages rise faster abroad; 3) consumers are demanding higher quality and are willing to pay more for trusted brands; 4) risks of operating in foreign markets like corruption and instability are increasing production costs overseas. The conclusion is that these trends provide an opportunity to capture more domestic manufacturing if companies move quickly to improve efficiency.
Within itself, innovation holds many paradoxes. It can become a rod for the back of a company. It can drive growth. It can motivate people. It can be very difficult to do. It may at some point become impossible to innovate a given product further. This article explores the paradoxes of innovation as a major driver of company success today.
The Future of Corporate Learning: from Training to Learning ExperienceFabernovel
With innovation cycles becoming ever shorter, companies are faced with a new challenge: keeping their key skills up to date in real time. This strategic dimension of ‘workforce planning’ cannot rely solely on recruitment; existing employees must be able to continuously learn new things. As such, the number one skill companies now look for is the capacity to learn, and companies are particularly looking for ‘learning animals’, a term coined by Google.
To download the full report: http://eepurl.com/guJvA5
Within itself, innovation holds many paradoxes. It can become a rod for the back of a company. It can drive growth. It can motivate people. It can be very difficult to do. It may at some point become impossible to innovate a given product further. This article explores the paradoxes of innovation as a major driver of company success today.
The Future of Corporate Learning: from Training to Learning ExperienceFabernovel
With innovation cycles becoming ever shorter, companies are faced with a new challenge: keeping their key skills up to date in real time. This strategic dimension of ‘workforce planning’ cannot rely solely on recruitment; existing employees must be able to continuously learn new things. As such, the number one skill companies now look for is the capacity to learn, and companies are particularly looking for ‘learning animals’, a term coined by Google.
To download the full report: http://eepurl.com/guJvA5
How to hire a CINO that can build lasting innovation capabilities.
The way businesses need to organize and behave has fundamentally shifted. Across industries, companies, and organizational functions, we have heard many of the world’s most innovative companies echo the same challenge: businesses must urgently embrace a more nimble and entrepreneurial approach in order to stay competitive. We call this challenge of how big companies can leverage scale while staying innovative “big entrepreneurship.” The Rising Billion is one of five pieces in our report, Big Entrepreneurship, aimed at deconstructing some of the complex challenges around big entrepreneurship and provide actionable insights for business leaders.
This report was created by Fahrenheit 212, a global innovation strategy and design firm. We define innovation strategies and develop new products, services, and experiences that create sustainable, profitable growth for our clients. We challenge the belief that innovation is inherently unreliable and have spent the last decade designing the method, building the model, and assembling the minds to make innovation a predictable driver of growth for our clients' businesses.
The way businesses need to organize and behave has fundamentally shifted. Across industries, companies, and organizational functions, we have heard many of the world’s most innovative companies echo the same challenge: businesses must urgently embrace a more nimble and entrepreneurial approach in order to stay competitive. We call this challenge of how big companies can leverage scale while staying innovative “big entrepreneurship.” This report aims to deconstruct some of the complex challenges around big entrepreneurship and provide actionable insights for business leaders.
This report was created by Fahrenheit 212, a global innovation strategy and design firm. We define innovation strategies and develop new products, services, and experiences that create sustainable, profitable growth for our clients. We challenge the belief that innovation is inherently unreliable and have spent the last decade designing the method, building the model, and assembling the minds to make innovation a predictable driver of growth for our clients' businesses.
"The Corporate Innovation Playbook” is the one of the most comprehensive studies on the pragmatic aspects of getting innovation planned and done inside companies. What are the biggest contributors and barriers to mapping out and implementing innovation inside companies? What are companies doing now? Why? What is innovation’s potential impact on their overall business? What will change in the future? What are their unfair challenges & advantages vs. startups?
This study, conducted by an futureproofing and transformation firm Wikibrands and built in partnership with global innovation experts at Catalyst3, 5&Vine, IScale, J Five, Liminal, New Cottage Industries & Co, Paul Barter & Associates and Scope Communications, will interview over 40 corporate innovation leaders and survey more than 250+ innovation practitioners and experts to answer these questions and more. We find too much innovation research to be focused on early stage, elegant but “head in the clouds” observation or strictly academic analysis - we want to distill the DNA of “innovation in the wild”.
We are hoping the results go to some length in providing answers to: improving corporate innovation growth & success rates, identifying the right types of leadership, ambitions and routes to market, presenting relatable lighthouse examples, and understanding the future pace, evolution, attractive business models, headlines and debates facing corporate innovators over the next 5 years.
Today entrepreneurship has become one of key drives for the development of all the countries in the world and it is very crucial for any economy. The objectives of achieving sustained economic and industrial development, regional growth and employment generation, life support conservation and implementing technological advancements have always depended on entrepreneurial development.
The biggest compendium on business & digital transformation available online - curated and assembled by Wikibrands (wiki-brands.com) - the first on-demand transformation and futureproofing firm helping organizations to their better futures.
This is the fourth of 6 editions focused on the culture, talent and human impacts and aspects of business transformation.
Follow us at: @wikibrandsFT / @wikibrands and
Track our hashtag: #transformation300
iMinds insights - Flipped Knowledge Transfer ModeliMindsinsights
Giving digital startups access to vital research capacity.
iMinds insights is a quarterly publication providing you with relevant tech updates based on interviews with academic and industry experts. iMinds is a digital research center and incubator based in Belgium.
The biggest compendium on business & digital transformation available online - curated and assembled by Wikibrands (wiki-brands.com) - the first on-demand transformation and futureproofing firm helping organizations to their better futures.
This is the first of 6 editions focused on the general and overall effects and impacts of business transformation.
Follow us at: @wikibrandsFT / @wikibrands and
Track our hashtag: #transformation300
Creating the Conditions for Sustainable Innovation The Leadership Imperative ...Meghan Daily
Organizations need innovation to survive and thrive. Thus, they need leaders who excel at driving innovation. But many leaders fall short when it comes to fostering ideas. This report doesn’t question if leaders themselves will be the source of your next great idea. Rather, when that idea arises—from a team member, a customer, or some other source—will leaders be able to foster it an bring it to fruition?
Over the past few years, DDI has worked with the LUMA Institute to teach leaders to foster innovation. We found to be effective, leaders must:
Inspire Curiosity
Challenge Current Perspectives
Create Freedom
Drive Discipline.
The “E” in STEM – spotlight on the engineering employment marketTodd Wheatland
A new info graphic on the top growing engineering specialties and geographic markets in the U.S. is showing a clear picture: Demand is growing and impending retirement of many of the profession's most experienced workers looks set to put further pressure on organizations seeking top engineering talent.
How to hire a CINO that can build lasting innovation capabilities.
The way businesses need to organize and behave has fundamentally shifted. Across industries, companies, and organizational functions, we have heard many of the world’s most innovative companies echo the same challenge: businesses must urgently embrace a more nimble and entrepreneurial approach in order to stay competitive. We call this challenge of how big companies can leverage scale while staying innovative “big entrepreneurship.” The Rising Billion is one of five pieces in our report, Big Entrepreneurship, aimed at deconstructing some of the complex challenges around big entrepreneurship and provide actionable insights for business leaders.
This report was created by Fahrenheit 212, a global innovation strategy and design firm. We define innovation strategies and develop new products, services, and experiences that create sustainable, profitable growth for our clients. We challenge the belief that innovation is inherently unreliable and have spent the last decade designing the method, building the model, and assembling the minds to make innovation a predictable driver of growth for our clients' businesses.
The way businesses need to organize and behave has fundamentally shifted. Across industries, companies, and organizational functions, we have heard many of the world’s most innovative companies echo the same challenge: businesses must urgently embrace a more nimble and entrepreneurial approach in order to stay competitive. We call this challenge of how big companies can leverage scale while staying innovative “big entrepreneurship.” This report aims to deconstruct some of the complex challenges around big entrepreneurship and provide actionable insights for business leaders.
This report was created by Fahrenheit 212, a global innovation strategy and design firm. We define innovation strategies and develop new products, services, and experiences that create sustainable, profitable growth for our clients. We challenge the belief that innovation is inherently unreliable and have spent the last decade designing the method, building the model, and assembling the minds to make innovation a predictable driver of growth for our clients' businesses.
"The Corporate Innovation Playbook” is the one of the most comprehensive studies on the pragmatic aspects of getting innovation planned and done inside companies. What are the biggest contributors and barriers to mapping out and implementing innovation inside companies? What are companies doing now? Why? What is innovation’s potential impact on their overall business? What will change in the future? What are their unfair challenges & advantages vs. startups?
This study, conducted by an futureproofing and transformation firm Wikibrands and built in partnership with global innovation experts at Catalyst3, 5&Vine, IScale, J Five, Liminal, New Cottage Industries & Co, Paul Barter & Associates and Scope Communications, will interview over 40 corporate innovation leaders and survey more than 250+ innovation practitioners and experts to answer these questions and more. We find too much innovation research to be focused on early stage, elegant but “head in the clouds” observation or strictly academic analysis - we want to distill the DNA of “innovation in the wild”.
We are hoping the results go to some length in providing answers to: improving corporate innovation growth & success rates, identifying the right types of leadership, ambitions and routes to market, presenting relatable lighthouse examples, and understanding the future pace, evolution, attractive business models, headlines and debates facing corporate innovators over the next 5 years.
Today entrepreneurship has become one of key drives for the development of all the countries in the world and it is very crucial for any economy. The objectives of achieving sustained economic and industrial development, regional growth and employment generation, life support conservation and implementing technological advancements have always depended on entrepreneurial development.
The biggest compendium on business & digital transformation available online - curated and assembled by Wikibrands (wiki-brands.com) - the first on-demand transformation and futureproofing firm helping organizations to their better futures.
This is the fourth of 6 editions focused on the culture, talent and human impacts and aspects of business transformation.
Follow us at: @wikibrandsFT / @wikibrands and
Track our hashtag: #transformation300
iMinds insights - Flipped Knowledge Transfer ModeliMindsinsights
Giving digital startups access to vital research capacity.
iMinds insights is a quarterly publication providing you with relevant tech updates based on interviews with academic and industry experts. iMinds is a digital research center and incubator based in Belgium.
The biggest compendium on business & digital transformation available online - curated and assembled by Wikibrands (wiki-brands.com) - the first on-demand transformation and futureproofing firm helping organizations to their better futures.
This is the first of 6 editions focused on the general and overall effects and impacts of business transformation.
Follow us at: @wikibrandsFT / @wikibrands and
Track our hashtag: #transformation300
Creating the Conditions for Sustainable Innovation The Leadership Imperative ...Meghan Daily
Organizations need innovation to survive and thrive. Thus, they need leaders who excel at driving innovation. But many leaders fall short when it comes to fostering ideas. This report doesn’t question if leaders themselves will be the source of your next great idea. Rather, when that idea arises—from a team member, a customer, or some other source—will leaders be able to foster it an bring it to fruition?
Over the past few years, DDI has worked with the LUMA Institute to teach leaders to foster innovation. We found to be effective, leaders must:
Inspire Curiosity
Challenge Current Perspectives
Create Freedom
Drive Discipline.
The “E” in STEM – spotlight on the engineering employment marketTodd Wheatland
A new info graphic on the top growing engineering specialties and geographic markets in the U.S. is showing a clear picture: Demand is growing and impending retirement of many of the profession's most experienced workers looks set to put further pressure on organizations seeking top engineering talent.
Relive PlayStation 4 Hype From 2011 to NowMashable
The PlayStation 4, an eighth-generation console from Sony, arrived on North American retail shelves on Friday, more than two years after PS4 rumors first surfaced.
Our timeline documents the very first whispers, the much-anticipated launch day and everything in between to help you relive the hype.
Read more: http://on.mash.to/1eWt58J
The employment Restructuring Report is compiled by Kelly services. It provides a timely review of economic, labour and hiring conditions in the relevant markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. The report is compiled utilising publicly available data from official, private and not-for-profit organisations. published on a quarterly basis, the employment Restructuring Report is available in separate editions for the United States and the European Union.
Many firms struggle to find top talent. This ins't a new problem, but solving it can be an enigma. The talent is out there, learn how to break the code and find more than your fair share.
New eBook on the business case for Recruitment Process Outsourcing.
This eBook is a proverbial shot-in-the-arm, intended to help HR executives and recruiters understand what it takes to leverage the latest networking and online engagement tools, and get out in front of your peers. We’ll offer the “why” and “how” of employer branding in a new media environment by looking at the adaptions marketers have made in the last five years. We’ll also look at innovative recruiting strategies that use new media to attract and engage knowledge workers.
The Rise of Social Media for Professional & Personal UseTodd Wheatland
The Kelly Global Workforce Index is an annual survey revealing opinions about work and the workplace. More than 168,000 people across the Americas, EMEA and APAC regions responded to the 2012 survey. This survey was conducted online by RDA Group on behalf of Kelly Services.
This second installment of the KGWI 2012 findings highlights the use of Social Media for professional & personal use
Re-Innovating Innovation: The Case for Emerging MarketsInfosys
Market players that have learnt to compete on volume despite low margins in a tough environment have also developed a lethal capability to explode premium market barriers in mature markets. Western incumbents will only be able to win this race as long as they can compete and excel not only at home, but more importantly, in the rough-and-tumble of emerging markets.
Know more: http://www.infosys.com/building-tomorrows-enterprise/emerging-economies/Pages/index.aspx
Introduction to international business - Manu Melwin Joymanumelwin
“ All institutions have to make global competitiveness a strategic goal. No institution, whether a business, a university or a hospital, can hope to survive, let alone to succeed unless it measures up to the standards set by the leaders in its fields, any place in the world.” -Management challenges of 21st century by Peter drucker.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
2. 2 | SignS of life
introdUction
Tightening margins, wage pressures and a culture that expects an endless supply of cheap, disposable
goods have spelt the decline of light industry and manufacturing in many developed economies.
Commoditization has left us with a price-led consumer market—people want things cheap and they
want them fast. And developing economies have fulfilled this wishlist for some time now.
Increasingly, developed economies have accepted their inability to compete on cost in the
manufacturing and light industrial space, and have turned their focus to more ‘strategic’ pursuits.
Service, innovation and strategic management rather than production of goods has increasingly
become the focus of companies with their roots in developed economies.
But are signs emerging that the pendulum is now swinging back the other way? In the US at least,
new ways to compete in this space are being found, and the value of a first-world approach to
manufacturing is again being realized.
Amid the doom and gloom of the American economy, the light industrial space is a rare positive note.
The US Bureau of Labor Statistics shows the unemployment rate across the manufacturing industry
as a whole dropping back to around 9% at the end of 2011, from a high of more than 12% in 2009.
Throughout 2011, the statistics have been improving month-on-month, with both separations and mass
layoff events decreasing steadily. And, if the issues outlined here are anything to go by, the positive
signs could well be the beginning of something bigger.
3. 3 | SignS of life
cheap oil iS gone. We are going to ever more remote and
difficult places to find it. We’re seeing more conflict in pursuit of it, and
the environmental cost of it is now at the forefront of our minds.
oil (quite literally) fuels the global world’s two most populous countries have set to gain the upper hand as the price tag of
economy and the days of cheap, secure only compounded the upward pressure on transportation increases across the board.
supplies are over. The problem is, concept oil prices. At least in the short- to medium-
cars and ships powered by renewable term, the cost of transportation is going to the race to gain a competitive advantage
energies have yet to translate into large- hit harder on the cost of production, and will not slow—and developing nations will
scale affordable alternatives for business this will add to the cost of goods for the end not give up market share easily. However, if
transportation. The age of shifting goods consumer. local companies can seize on this window
cheaply has hit a snag, and it may be some of opportunity and look for ways to embed
time before a genuine solution is found, let for local manufacturing, this has a clear longer-term efficiencies in the production
alone implemented. positive aspect. Oil is expensive for everyone process, they might just secure a market
and thanks to ongoing supply and demand advantage that far-flung suppliers simply
logistical costs, especially for heavy pressures, both developed and developing cannot match.
products, have already increased economies have to vie on the global market
exponentially, and rapid development in the for this resource. As such, local production is
4. 4 | SignS of life
Oil production and consumption
barrel per day, m
prodUction conSUmption
100 100
80 80
60 60
40 40
20 20
0 0
1971 75 80 85 90 95 2000 05 10 1971 75 80 85 90 95 2000 05 10
middle eaSt eUrope north america aSia pacific africa SoUth and central america
Source: BP Statistical Review, The Economist June 2011.
5. 5 | SignS of life
labor iS cheap, talent iS expenSive.
The initial logic of cheap labor, which drove jobs offshore
for the past two decades, has begun to weaken.
labor is still cheap in some parts of are still hard to find. And when they are labor costs in the US and other developed
the world, but talent is commanding a found, they must be paid for accordingly. economies are looking increasingly attractive.
premium, particularly in those emerging
markets where large, complex operations experienced managers in emerging The larger pool of experienced, well-
now require high-level management markets command relatively high salaries, educated talent in developed markets is
skill to lead their operations. and in some cases are in excess of the cost again looking like good value. And for
of those skills in developed markets. now at least, managers need teams to
Development has been swift and dramatic, manage, so the case for keeping production
particularly in China and India, but skill across the board, wage costs are rising on home soil is again a viable option.
gaps are harder to close. India has made higher and faster in emerging markets
rapid inroads to specialist education and that elsewhere, particularly in Asia where
has captured the information technology inflation is high. With China clocking up
wave with incredible speed, but in the double-figure wage growth year-on-year
manufacturing space, skills and experience for at least the past three decades, the flat
6. 6 | SignS of life
yoU get what yoU pay for. It started with
cheap, disposable items, but even some high-end European
brands have moved their production offshore.
the manufacturing clout of countries revolution, consumers are less naïve about particularly in China, have also added a new
like china has seemed almost quality standards. The unfortunate truth is, sense of distrust and fear about some aspects
unchallengeable—they can (and do) often, you really do get what you pay for. of goods produced in less regulated markets.
make anything and everything. However,
the short-term satisfaction of a shiny a return to a quality over cost trust in the quality of goods produced in
new item has begun to wear thin for priority is beginning to take shape some emerging markets has been eroded,
some consumers as quality standards in developed economies and this is and more than anything, consumers want
have failed to meet expectations. creating a new window of opportunity for products they can trust and rely upon.
manufacturing in countries like the US. They want products that will last and that
consumers are beginning to think harder can be fixed if they break—and these
about an initially attractive purchase price: The prices that retailers can command for features are again differentiating factors for
while a good may be cheap, it may not be goods that are made in some emerging locally made products. In a tight consumer
well made, and having to replace this item economies bring with them the perception of market, it’s differentiation and trust in a
multiple times ultimately adds to the long- poor quality (which may nor may not be true). brand that might just get more people
term cost. Thanks to the offshore production And, some high-profile cases of safety issues, to part with their hard-earned wage.
7. 7 | SignS of life
Safety and SecUrity. Working and operating
in emerging markets can have cost advantages, but with
them come other risks, including the difficulty of negotiating
scant and poorly regulated industrial frameworks.
Social unrest, bureaucratic and physical this is not to say that anywhere is entirely risk is something every company has
disruptions, as well as weak or non-existent free of corruption or hidden costs, but it’s to manage. But, as the risks of doing
legislative protection from practices such as certainly true that corruption is endemic in business in some markets become
piracy, can all be major barriers to business some markets, and that this raises the risk real, local manufacturing can again
in developing economies. However, just profile for business exponentially. When look ‘easy’, ‘safe’ and perhaps less
as critical as these is a general lack of faith operating in these markets, companies cost-prohibitive than first thought.
and trust in the business environment. need not only consider the actual cost of
Bribery and corruption can significantly production, but also the potential cost of
impair the ability of companies to grow and losses to brand reputation and intellectual
build a reliable supply chain in an emerging property. If IP is not secure, or many
market, and these issues often create a unofficial taxes and fees are required on
‘hidden’ cost to operating offshore. an ongoing basis, the cost advantages
of cheap labor can quickly erode.
8. 8 | SignS of life
conclUSion. The signs of life in the US light industrial
sector may be small, but they should not be overlooked.
The four indicators of change across the business is going to give up market share to do so over the long term. the good
industry that are outlined here can be traced in this global climate easily. innovation is news is, the expertise is right on our
back to broader, global trends—they have strongest in hard times, and if anything, doorstep. We know how to manage
nothing to do with one country or one competition will force us all to work harder change, how to source talent and how to
industry. But, when put together, they are to get where we want to be. But there’s no increase efficiencies organization-wide.
providing fuel for what could well become denying these four trends provide the US
a job repatriation trend in north america. with the kind of advantage it needs right now. the only question that remains is,
Capturing and sustaining this trend, however, will we move fast enough to capture
is going to take some new thinking. Many organizations now know that working the opportunity while it lasts?
smarter and more efficiently locally can
Just because some emerging markets are be just as effective as sourcing cheaper
becoming less attractive/cost-effective labor elsewhere. And yes, it takes a lot
doesn’t mean that all competition is off. No of expertise to improve efficiency—and
9. aboUt the aUthor
Rolf E. KlEinER is SVP and Chief innovation officer at Kelly Services.
A veteran outsourcing professional, he is responsible for creating a new
foundation of workforce solutions for the evolving workplace. named to his
current position in 2012, Mr. Kleiner previously served as SVP and General
Manager of KellyoCG. Prior to joining Kelly, he had 19 years of experience
in providing innovative products and services to the scientific community.
Rolf holds a bachelor’s and master’s degree in natural sciences from the Department of natural
Sciences’ Water Resources and Water Pollution Control Department at the Swiss federal institute of
Technology in Zürich, Switzerland.
aboUt kelly
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions.
Kelly® offers a comprehensive array of outsourcing and consulting services as well as world-class
staffing on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe,
Kelly provides employment to more than 550,000 employees annually. Revenue in 2011 was
$5.6 billion. Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, & Twitter.
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