Wired Success

Scott Anderson of Liberty Electronics shares best practices and the importance of a multidisciplinary team in the process of switching suppliers. This includes ensuring adequate production capacity, consistent OTD, and dual-sourcing supply to avoid supply chain disruption. To learn more about how Liberty works with customers on supply chain management and switching suppliers, check out our blog and video below.

In today’s manufacturing environment, IT is an increasingly powerful tool for addressing a range of issues from cybersecurity to production and operation efficiencies. 

In this episode of Wired Success, Mark Cessar and Troy Funte discuss the value and benefits of remaining nimble in a constantly evolving tech landscape and utilizing catered solutions to quickly resolve issues.

Driving performance through successful partnerships is a critical component of the OEM supply chain. Liberty prides itself on being a relationship-minded supplier, knowing the ins and outs of our OEM partners. Quick resolutions and proactive awareness of potential order issues, faster turnaround times for new orders, as well as a deep familiarity with product lines are all benefits of these relationships. This investment in our partnerships results in better performance and a higher standard of quality for both customer and supplier. 

Liberty has worked with customers previously that were not realizing the expected benefits of using an offshore supplier, but recent events have a lot more OEM’s looking to move some or all of their supply chains to the United States. The Institute for Supply Management reported last month that nearly 75% of companies are reporting supply chain disruptions. A recent Thomas Industrial survey reported that 64% of manufacturers are likely to bring production and sourcing to North America, and this number has been growing. 

In this episode of Wired Success, Mark Cessar ask Liberty Electronics' Director of Business Development, Scott Anderson, about the rising opportunities for reshoring the supply chain from oversees suppliers.

In an interesting convergence, the new United States Mexico Canada Agreement (USMCA) trade deal has taken effect within days of celebrating Independence Day here in the United States of America.  The new deal replaces the old North American Free Trade Agreement (NAFTA) that was implemented on January 1, 1994.  While the net effect of NAFTA has been the subject of spirited debate, there are two unfortunate realities. First, the US trade deficit with these countries increased from $17 billion to over $177 billion per year, and over 800,000 US jobs were displaced during NAFTA’s 26-year existence.  Likewise, and worse for Americans, since China joined the World Trade Organization (WTO) in 2001, 3.4 million US jobs have been displaced, and the annual US trade deficit with them peaked in 2018 at over $400 billion.  To add insult to injury, trade with China has strengthened a totalitarian regime that oppresses the Chinese people and views the United States as an obstacle to their global ambitions.

Choosing the right Contract Manufacturer is integral to business success, whether taking a strategic outsourcing approach, or a tactical one.  In this episode of Wired Success, Mark Cessar talks with Liberty’s Director of Business Development, Scott Anderson about how the right Contract Manufacturer can benefit your business, and how that can depend on whether the business takes a strategic approach or a tactical approach to outsourcing the work.