With Covid-19 continuing to impact many businesses, lead time as well as sourcing new suppliers is increasingly difficult. If you currently outsource manufacturing overseas, it is likely you have encountered some turbulence to your supply chain.
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Rapid prototypes and large-quantity production of special precision parts and components are key to many business’s operations. Along with this, an agile business strategy that enables the sourcing of verified suppliers, as well as maintaining production-line efficiency, are critical. With travel to Asia currently stalled, and many factories presently closed or operating at low capacity, this strategy is not easily executed for many companies worldwide. Although engineers have a wide array of companies to choose from to get their machining parts manufactured, the turnaround time can be weeks from order to delivery.
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