Manufacturing Technology

CONTRACT MANUFACTURING IN VIETNAM INCREASES PROFITABILITY

November 2, 2022

CONTRACT MANUFACTURING IN VIETNAM INCREASES PROFITABILITY
Vietnam has emerged as a leader for outsourced manufacturing among southeast Asian nations due to its exceptional cost competitiveness and consistent high quality. Vietnam’s location — adjacent to established supply chains across the border it shares with China — provides original equipment manufacturers (OEMs) with alternative sourcing as the costs of doing business in China escalate. Hourly labor rates in Vietnam are significantly lower than other nearby countries; and the nation has implemented strict laws and regulations to protect the intellectual property of foreign companies. The marketplace and political conditions together have enabled Vietnam to sustain the highest economic growth rate in the world since 2000. Understanding Vietnam’s unique financial advantages can help OEMs that outsource manufacturing to achieve a lower total cost of ownership that fuels higher profits and growth.

Spotlight

Kondex Corporation

Kondex manufactures and engineers cutting and wear-resistant components for the agriculture, biofuels, construction, forestry, off road, utility, and commercial turf care industries. We specialize in metallurgy, surface coatings, heat treating, machining, welding, and laser cladding. While Wisconsin-based, Kondex supplies its products to original equipment manufacturers and end users on a global scale.

OTHER WHITEPAPERS
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Design for Manufacturing and Test

whitePaper | November 11, 2022

A common ‘Design for Excellence’ approach in any product design process is the ‘Design for Manufacturing’ which is simply to ensure the products are easier to be manufactured. A significant and important part of this approach is the ‘Design for Manufacturing Test’ concept. A final product that was manufactured but is difficult to test to effectively measure its quality and reliability before shipping out may result in disastrous consequences when these products fail out in the field, especially when the products are used in mission-critical industries such as the automotive industry.

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Using Business Analytics to Rebound & Succeed on Product Quality

whitePaper | May 20, 2020

Today's manufacturers have had to pivot quickly to adapt to demands brought on by COVID-19. Business Intelligence and analytics have played a vital role in providing the most successful manufacturers with insights necessary to find new ways to: Improve product and service quality.

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ACCELERATING MANUFACTURING MODERNIZATION IN A POST-PANDEMIC WORLD

whitePaper | September 13, 2022

From big data to analytics and the Internet of Things, digital transformation is disrupting every aspect of the way manufacturers operate. Market leaders who embrace this change will come out on top. Those slow to react – whether they’re industry giants or niche players – will be left behind and may struggle to survive. Winners are harnessing the power of cloud and application technologies to become more agile and operate more efficiently. They’re leveraging emerging technologiesto deliver compelling customer experiences and launch innovative new services, as well as creating new business models to scale, grow, and stay ahead of the pack.

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Towards Sustainable Manufacturing

whitePaper | May 20, 2022

Manufacturing and industrial technologies are major drivers of societal wealth. In 2019, the manufacturing sector accounted for two million enterprises, €2,078 billion in gross value added, and 32.1 million jobs in the EU-27 area.1 The European economy is highly dependent on the manufacturing industry and exporting of manufactured goods. Around 10 percent of all enterprises in the EU’s non-financial business economy are classified as manufacturing.2 The transition of societies to climate neutrality and circularity pushes for changes in operations and creates new business opportunities for companies. Markets are shifting towards green products and services to meet conscious consumers’ needs and comply with the new and upcoming EU regulations that strive to reduce net greenhouse emissions by at least 55% by 2030.3

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The Shifting Sands Of Manufacturing & Essential Capabilities

whitePaper | November 15, 2022

The need for modernization based on digital capabilities is evident in almost all areas of the manufacturing enterprise today – not just on the shopfloor, but also in the sales, planning, engineering, and service functions. Significant shifts are underway in the manufacturing industry driven by world events as well as technology. This paper discusses these shifts in the industry along with key business and technology capabilities manufacturers need today to navigate this disruption and stay competitive. It also shows how Infosys Discrete Manufacturing Solution can empower manufacturers with these capabilities.

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Smart Manufacturing: Building The Factory Of Tomorrow

whitePaper | May 19, 2023

For the better part of a decade, manufacturers have made significant strides to drive efficiencies, boost agility, and improve product quality by implementing data-capture sensors and analytics systems. Now, they are capitalizing on that foundation to optimize interconnectivity, automation, machine learning, and real-time data to further enhance production outcomes and improve worker safety and well-being.

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Spotlight

Kondex Corporation

Kondex manufactures and engineers cutting and wear-resistant components for the agriculture, biofuels, construction, forestry, off road, utility, and commercial turf care industries. We specialize in metallurgy, surface coatings, heat treating, machining, welding, and laser cladding. While Wisconsin-based, Kondex supplies its products to original equipment manufacturers and end users on a global scale.

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