Published:
12/24
Recent global events, from Brexit and the expanded use of tariffs to the COVID-19 pandemic, have presented manufacturers who depend on global manufacturing operations and supply chains with unprecedented risks and challenges. While there have always been significant benefits and advantages to expanding production and factories to multiple parts of the globe, as well as working with suppliers of equipment, materials and components in one region and assembling final products in another, recent events have demonstrated there are risks as well as rewards.
There are strategies that original equipment manufacturers (OEMs) can pursue to strengthen their ability to mitigate these risks. The goal: implement a global manufacturing platform that can respond to changing situations without imperiling customer orders, lead times or product quality — no matter where the production is done.