Manufacturers may be able to produce their products more cheaply overseas, but that option has its pitfalls, including supply-chain logistics and security issues. When deciding how and where to manufacture your product, it’s important to weigh the pros and cons carefully. Particularly for small businesses, “new-shoring” by creating manufacturing jobs closer to home is one way to avoid both these hazards.
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In the not-so-distant past, taking your product abroad meant cheaper expenditures but inconsistent quality control. Today, with updated production facilities, cutting-edge tools, and more sophisticated design capabilities, manufacturing overseas can prove to be not only more affordable, but also more reliable. Pretty easy decision then, right?
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Comments
IP = Intellectual Property
Good article, but I'm pretty sure the author meant 'Intellectual Property' for IP, not 'Internet Provider'.
Good catch
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