ⓒ 2021 Inertia Product Development. All Rights Reserved.
The True Cost of Going “Slow-To-Market”
It’s commonly understood that in the world of product design & development,...
The profitability and outward appear of your company can largely be dependent on the efficiency of your supply chain. When you’re deciding if a local or global supply chain is right for you, there are a few things to consider. While global supply chains have traditionally been the more common choice, as wages increase in offshore locations and customer concerns change, some businesses are finding local supply chains to be the best fit. It all depends on your business, your brand tenants and mission, and your goals for the future. An intriguing argument can be made for local outsourcing. Lower transport costs, more controllable and sustainable practices, and stimulating the local economy are all valid reasons to want to outsource your supply chain locally. When going local with your supply chain and manufacturing, it can often involve dealing with a variety of vendors. Despite this however, local sourcing has been an increasingly more popular trend, somewhat in response to global sourcing and the move towards sustainability – 33% of business owners list responsible purchasing a priority for their business. Keeping your supply chain local can offer the comfort of proximity, shorter turnaround and supporting the local economy. Think a local supply chain is a better fit for your business? Some of the benefits include:
Managing a supply chain isn’t easy and, when not well managed, can cause headaches that can turn into loss of valuable time and resources to your business. On top of just maintaining it, it’s also just as important to constantly improve supply chains on various dimensions to improve efficiency, reduce cost and become more flexible. Our team at Inertia has the passion and expertise to coordinate and integrate the various silos of manufacturing to ensure your production cycle is kept efficient and profitable for your business. Give us a call to learn more about what we do and how we do it so we can benefit you.
Join our newsletter to stay up to date on features and releases.
For start-ups developing hardware and IoT products – the challenges they face...