Next-Shoring: A Customer-First Manufacturing Approach

whitePaper | July 8, 2022

Manufactured goods are placed into products in multiple verticals. For example, a battery will be placed into an electric car or a magnet into an MRI machine in a hospital. Manufacturing, therefore, covers all industrial internet of things’ verticals, from smart cities, to automated vehicles to healthcare and mining. Not to mention the factories themselves. The GIO Smart Manufacturing Working Group was established to bring these threads together and examine factories, deployments and modes of manufacturing, from batch-size-one to discrete manufacturing and continuous-process manufacturing. Our focus so far has been in the factory, which will be discussed throughout this paper

whitePaper | November 2, 2022

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.

whitePaper | September 30, 2022

Until 2020, progress towards digital transformation for most manufacturers was slow. But the urgency for manufacturers to make successful digital transformations escalated during the first 8-12 months of the global pandemic. As COVID-19 reshaped consumer buying behaviors, the pace jumped from a crawl to a sprint: According to one study, 85% of organizations accelerated their digital transformation initiatives in 2020.[1] Some industry observers believe we witnessed 6.5 years of digital progress in the last eight months of 2020 alone.

whitePaper | November 8, 2022

The industry is currently undergoing its fourth revolution. The third industrial revolution introduced automation, which created data. I4.0 is the movement to translate data into information. This is paving the way for introducing a high level of autonomy by utilizing smart decision-making through advanced physical or statistical modelling to achieve self-adaptation, self-diagnosis, and self-healing. This is truly relevant for the companies, as the conventional systems are unable to adapt to the highly increasing complexity and dynamic of the production environment

whitePaper | January 16, 2023

Digital twin, in simple words, is the virtual model of a product, a process or a service. The concept of a digital twin has been around for quite a while but after the advent of the Internet of Things (IoT), it has become imperative to business due to its cost-effectiveness.

whitePaper | May 25, 2022

Today’s manufacturers face an unprecedented series of challenges. The current environment is one marked by supply chain disruption, labor shortages, increased competition and rising input prices. These disruptions expose existing inefficiencies in operations that innovative, forward-thinking organizations can convert into opportunities.