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Major Trends in Global Manufacturing: Nearshoring and Total Cost of Ownership
Two significant trends in manufacturing are the "Total Cost of Ownership" and "Nearshoring". Find out more in this TECMA podcast with Jim Gitney, CEO of Group50 Consulting, a global manufacturing and distribution consulting firm.
During the approximately thirty minute session, Gitney explains how the industrial site selection process is no longer an exercise in chasing low manufacturing wages around the globe in order to determine which country, or countries to produce goods in. He asserts that the process is most effectively driven by identifying all the components of cost associated with the production and distribution of a product, calculating them, and, based on this careful research and analysis, choosing the country in which the “total cost of ownership” (http://www.group50.com/
A secondary focus of the Tecma Talk podcast (http://www.group50.com/
About Group50 (http://www.group50.com/
Group50′s works with companies to effectively implement strategic change and accelerate performance. Group50′s Manufacturing and Distribution practice focuses on helping companies develop and implement the most flexible and cost effective supply chain possible. Group50 consists of seasoned operational professionals who understand global supply chain operations and learned best practices from companies such as GE, Black & Decker, P&G and many others.
About the Tecma Group of Companies
The Tecma Group of Companies, Inc., headquartered in El Paso, Texas provides services that have enabled firms from a wide range of industries to establish and maintain production facilities in Ciudad Juarez, Mexico and beyond, for almost three decades. Under its Mexico Shelter Manufacturing Partnership (MSMP) companies control and focus on their core manufacturing functions, while Tecma tends to their human resource, payroll, accounting, logistics, and other needs that, although important, are not part of the manufacturing process.