Overseas manufacturing is also referred to as offshoring. Essentially, offshore manufacturing is an option many companies consider in order to reduce operating expenses, while maintaining a high-quality end product. Offshoring is especially beneficial if you have long-term relationships with overseas manufacturers. There are five ways that overseas manufacturing can benefit you.
LOWER LABOR COSTS
While labor overseas has increased it is still less expensive that manufacturing in the U.S. The skillset of offshore production workers is usually better as well. The manufacturing industry has been built up over the last generation, allowing production facilities several decades to hone specific manufacturing skills for workers.
ACCESS to LESS EXPENSIVE RAW MATERIALS
When the source of the raw materials is closer, they become less expensive. There is a whole industrial ecosystem where raw resources are more readily available.
BETTER ACCESS to SUPPLIERS
What is true for the previous reason also impacts the suppliers as well — decreasing the cost all the way around.
MORE TIME to FOCUS on PRODUCT DEVELOPMENT
When you delegate the production to a specialist, you can focus on the important stuff — like product development.
NO MORE SWEATING OPERATIONAL CONCERNS
The minutiae of day-to-day operations can distract from the big picture of getting a product to market.
The BOTTOM LINE is YOU SAVE TIME and MONEY
The core of your business is product development, design, and marketing. The option to engage in overseas manufacturing as a part of product development continues to be a viable solution for both large and small manufacturers.
CONTACT MAECO for YOUR INDUSTRIAL and AGRICULTURAL NEEDS
MAECO of Oregon has a successful track record for prototyping, manufacturing, and delivering industrial and agricultural components. Whether you need to find the best quality industrial or agricultural components at a competitive price or a single custom solution, call (503) 798-5596 or email us using this link.