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

Ultrasonic Power Corporation

Ultrasonic Power is a Freeport-based, woman-owned, Illinois manufacturer serving global markets. For more than 40 years UPC has served end users and OEMs requiring precision industrial ultrasonic cleaning equipment.

OTHER WHITEPAPERS
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Manufacturing Forecast: Industry Insights From Industrial and Process Manufacturers

whitePaper | March 12, 2023

2022 was a challenging year, with rising inflation, supply chain vulnerability and labor shortages all impacting manufacturers. But which of these factors are companies most concerned by in 2023? And more importantly, how do manufacturers plan to address key challenges to continue growing their business?

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State of the Market: The Critical Path to Digital Manufacturing

whitePaper | August 8, 2022

Similar to a perfect storm, manufacturers have been navigating a unique time of multiple challenges including supply-chain disruptions, economic uncertainties, and worker shortages. Digital transformation is supposed to ease these strains. Digitizing processes and adopting the right technologies can help achieve cost efficiencies, allow for scalability and growth, and overcome talent gaps

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DIGITAL TWINS What they are, their value, how they can reduce costs and increase returns in automation

whitePaper | November 5, 2022

Many credit the birth of the digital twin to Dr. Michael Grieves, who applied the idea to the manufacturing sector in 2002; however, the argument is often made that its origins can be traced back even further. For example, during the Space Race (1955-1975), NASA would create a replica of each spacecraft they would send into orbit. These replicas were studied and used for simulation to gain insight into their performance and improve their space exploration initiatives.

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How to Choose a Manufacturing System

whitePaper | September 9, 2022

When it comes to choosing a manufacturing system, you need more than just product information; you also need other kinds of input to make sound accounting and manufacturing software decisions... and that’s what this booklet is all about. How to Choose a Manufacturing System contains the compiled wisdom of soft-ware designers, manufacturing pros, and industry technologists

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AI Technologies Transform Industrial Control Automation

whitePaper | November 23, 2022

AI-enabled industrial control automation creates fresh opportunities to innovate and adapt manufacturing processes, building on a foundation of digital transformation and network advances across the intelligent edge

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OPTIMIZING ROBOTICS, MAXIMIZING UPTIME

whitePaper | February 23, 2022

Fully automated assembly lines with industrial robots are highly efficient, fast and precise – as long as they are in operation. When unplanned downtimes occur, the economic damage can be immense within just a matter of minutes. Prevention is better than repair. Using high-performance lubricants during regular maintenance of industrial robots prevents unscheduled downtimes, optimizes the robotics and maximizes the uptime of the assembly line. In this white paper, you will learn more about the right lubrication for your industrial robots.

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Spotlight

Ultrasonic Power Corporation

Ultrasonic Power is a Freeport-based, woman-owned, Illinois manufacturer serving global markets. For more than 40 years UPC has served end users and OEMs requiring precision industrial ultrasonic cleaning equipment.

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