Transform Manufacturing from Offshoring to Rightshoring with a 3-Step Strategy
After two decades of offshore productions in low-cost countries, manufacturers are now struggling with the rapidly growing Asian salaries and counter-effects of cheap production. The question that industries are asking today is: do we continue offshoring or should we consider reshoring? The right answer, according to Paavo Kakela, the CEO of EID Robotics, who provides modular micro-factory systems, is that manufacturers should transform their operations to rightshoring.
In this article, he explains the three steps manufacturers need to establish a profitable rightshoring strategy – a business case, strategy, and technology!
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