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.
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Topics:
Manufacturing,
Reshoring
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.
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Topics:
Company News,
Supply Chain Challenges,
Operational Efficiency,
Manufacturing,
Risk Mitigation,
Procurement
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.
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Topics:
Supply Chain Challenges,
Operational Efficiency,
Manufacturing,
Quality Control,
Procurement,
Cost Control,
Aerospace,
Commercial Industrial,
Rail
The Bill of Material is a critical component of the planning process in manufacturing for any industry. In this episode of Wired Success, Mark Cessar talks with Liberty's Programs Director, Troy West about what moving up the Bill of Materials is and how this approach to procurement can benefit OEMs in terms of ease of installation, capacity, costs, and inventory reduction.
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Topics:
Supply Chain Challenges,
Operational Efficiency,
Manufacturing,
Cable Assemblies,
Quality Control,
Procurement,
Wire Harnesses,
Design,
Design Challenges,
Cost Control,
Box Builds
In this episode of Wired Success, Sales Engineer, Mark Cessar, talks with George Allman, Liberty Electronics' Manufacturing Engineering Supervisor to ask some questions about how OEMs can benefit from collaborating with suppliers during the design phase of a project. During their discussion, George shares what suppliers can bring to the table and the overall value this offers OEMs.
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Topics:
Operational Efficiency,
Innovation,
Quality Control,
Design,
Design Challenges,
Cost Control
During this historical period of time where the world is experiencing the COVID-19 outbreak, businesses everywhere are responding with necessary measures and precautions. Stopping the spread cannot be done through maintaining the normal day-to-day functions.
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Topics:
Company News,
Innovation,
Manufacturing