How SMB Manufacturers Can Compete and Thrive Through Strategic Partnerships

In today’s rapidly evolving business world, consumers have come to expect immediate responsiveness, complete transparency, and total accuracy in every business transaction they undertake.
This dynamic has forced creativity within the manufacturing sector. Successful manufacturers have shifted to more flexible product configurations and just-in-time delivery models supported by modern technology systems that improve communication and visibility across the supply chain.
At first glance, it would seem that larger companies with greater economies of scale are better positioned to adapt to the constant downward pressure on prices and increase in expectations that transparency and global competition brings. In reality, though, thousands of smaller, more nimble manufacturers have successfully carved out a niche by building their own network of strategic partnerships.