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When tracking trends for future growth opportunities, for example, invest real money (2 to 4 percent of the sales budget is good) to develop analytical tools and teams that monitor trends such as demographic shifts, regulations, and new technologies. Only the CEO can push this kind of coordination through.
But it is realistic to envision the growth of high-value-add, high-skill, high-wage manufacturing industries like the microprocessor and computer-networking businesses that Intel and Cisco launched in the 1980s. Trouble is, two recessions in 10 years have cut the capital fuel supply to the tech-company-creation engine.
Leaders of many companies — in industries ranging from contractmanufacturing, and software services to consulting and health care — tell us the same thing: “We want to move up the value chain.” Joseph , a scrap-metal recycler, in order to secure supplies for its operations. Ethical supplychains.
Likewise, companies like PCH International and Dragon Innovation are now available to manage contractmanufacturing and otherwise “make manufacturing feel easy” to entrepreneurs or small companies, as noted by The Wall Street Journal’s Chris Mims last year.
The technologies and trends shaping tomorrow’s businesses. Therefore, contractmanufacturers that perform 3D printing such as Shapeways generally wait to fill a batch that uses the entire build room. 3D printing technology undoubtedly has great potential. Insight Center. The Future of Operations.
Last year, networking giant Cisco Systems worked with one of its contractmanufacturers in Malaysia to deploy 1,500 energy and temperature sensors on its manufacturing equipment. The technologies and processes that are transforming companies. Disclosure: I was at the meeting as a paid speaker on sustainability strategy.).
That spells trouble for American manufacturers with global supplychains. As companies rethink their supplychains, they ought to seriously consider embracing a new manufacturingtechnology that’s now ready for prime time: 3-D printing.
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