by closeshoring | Dec 21, 2020 | Uncategorized
Starting in the 1990’s and accelerating after the inclusion of China in the World Trade Organization in 2001, many companies globalized (offshored) their sourcing and production and embraced lean manufacturing techniques to reduce costs. Globalization has evolved into...
by closeshoring | Dec 16, 2020 | Uncategorized
Reshoring efforts have successfully attracted three Asian companies (Cymmetrik, Xxentria and Admiral Cable) to Santa Teresa, NM, bringing 400 new jobs. The U.S. government and many local entities have been pushing for relocation of manufacturing facilities from Asia...
by closeshoring | Dec 13, 2020 | Uncategorized
The coronavirus pandemic has left some of the world’s biggest shipping lines facing mounting backlogs and delays, straining international supply chains and disrupting global trade. Operators say the container shipping industry — the backbone of global trade — is under...
by closeshoring | Dec 8, 2020 | Uncategorized
Gartner estimates that AI augmentation could generate $2.9 trillion of business value in 2021. Smart manufacturing will boost the economy and enable manufacturers to meet the modern needs of factories, supply chains, and customers. With more sensors, networks, and...
by closeshoring | Dec 5, 2020 | Uncategorized
Neural Manufacturing will become widely-adopted as companies seek ways to improve efficiencies and reduce costs. Neural Manufacturing is a smart process that incorporates digital technology into many aspects of the manufacturing process to assess and predict problems...
by closeshoring | Dec 2, 2020 | Uncategorized
If there is anything companies have learned from the COVID-19 crisis it’s that risk reduction in supply chains is critical. Now more than ever, supply chains are being subjected to rigorous risk analysis. As the cost and risk continue to rise for U.S....
