There was a time when contract manufacturers performed one specific task: making products, usually of a high-tech nature, while staying well behind the scenes. But that time is long gone.
Free trade seems to have few friends in positions of power these days. But advocates of removing obstacles to the flow of international trade got at least one piece of good news earlier this year.
It only makes sense that The 3M Company, with a business model resting almost entirely upon technology, would eventually get around to applying it to the supply chain.
On March 29, British Prime Minister Theresa May officially set into motion the exit of the United Kingdom from the European Union, beginning a two-year period of negotiation and closure. The clock is ticking.
The ability to monitor the behavior and condition of one's suppliers depends on having access to hard numbers. But a surprisingly large percentage of companies lack this critical data.
In the wake of the defeat of his healthcare proposal, President Trump might well be hoping for a comeback in the form of passing new trade legislation. What are the chances of that happening?
The return of manufacturing to the U.S. and Europe from Asia is happening - but not at the pace that proponents of reshoring might hope. And there are some unexpected complications that need to be addressed.