Top Global Manufacturing Markets

Global Manufacturing-Overseas Contract Manufacturing

Global Manufacturing-Overseas Contract Manufacturing

Keeping up with a global market is challenging. Products must be created in a timely manner and enough products must be produced to meet the demands of different populations. Global sourcing is a solution that helps improve the ability to put out new products in a timely manner by getting the right parts and manufacturing services involved in the process.

How Global Manufacturing Works

Global manufacturing is a process of using the right suppliers and sources to get the products out onto the market without sacrificing the quality of the product. The suppliers in global markets that MES contacts for product manufacturing must meet the qualification standards, which include:

  • ISO Certification
  • Facilities that are able to manufacture the requested products
  • Consideration for time constraints and on-time services
  • Quality materials or products that are used in manufacturing
  • Resources for engineering projects

If the supplier does not meet the standards of MES, then the company is not used for any global sourcing solution.

Working With Different Markets

Global sourcing is not limited to the most well-known countries. Although MES does work with China and India when the suppliers are appropriate for the manufacturing project, Australia, Taiwan, Malaysia and Vietnam are also part of the global manufacturing services available.

Each country has specific benefits and areas of specialization that are appropriate for each specific project that a company may require. For example, Australia has the benefit of familiar business practices. The legal jargon and complications are limited because the companies use a similar legal system.

The country or countries involved in global sources will vary based on the product, the services and the savings that are required. For example, Malaysia is the best source for rubber components or natural resources because the country has a wealth of natural resources to draw on, particularly in the case of rubber. On the other hand, Taiwan is a better global source for machinery and petrochemicals.

By turning to experts for help discovering the best global sources for manufacturing products or parts, it is possible to reduce costs dramatically and obtain the highest quality for the specific type of product.

Cost Benefits of Global Sourcing

A key benefit for manufacturing with the help of global sourcing is the cost. Although the exact prices will vary based on the country and the products, companies can save more than 20 percent by using global sources.

The cost of labor is significantly lower in global economies. Although China has the lowest cost of labor, countries like India and Malaysia are still significantly lower than the cost of labor in the United States. Furthermore, even sourcing manufacturing services to Australia can cut the cost of developing the product by 20 to 25 percent, depending on the specific components and the labor requirements.

Manufacturing products with the help of global markets can provide the opportunity to save money while still making the same profit on products that are developed and sold in the United States. By working with MES, it is possible to identify the best countries for the components that are required and the best suppliers to develop the products or parts of the product in a timely manner.

 

MES, Inc. is a full-service provider of global contract manufacturing services.  Our value to our customers is our ability to manage the entire Supply Chain Management process, from sourcing, manufacturing, export/import, logistics and warehousing solutions.

We take great pride in our ability to reduce manufacturing and tooling costs and manufacturing lead times for our customers worldwide.

Contact us today to find out more and to see how we can save you time and money on manufactured components and supply chain management.