By: John C. Ramig
“Through good times and bad, international trade continues to grow because it is good business. Manufacturing outsourcing raises profit margins, improves inventory management and gets new products to market faster. It also improves product quality and customer service levels. Manufacturing outsourcing allows you to utilize assets that others already have in place, without having to make a heavy investment developing your own capabilities. This frees capital to grow your business. Manufacturing outsourcing also provides access to third party design, manufacturing expertise and the flexibility to scale production up or down quickly.”
“But if Covid-related disruptions have taught us anything, it’s that a business needs to be smart when setting up its supply chain – and, once the supply chain is established, it should be constantly monitored in order to adjust and respond to ever-changing circumstances.”
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