The transformative impact of technology on procurement: 3D printing

The transformative impact of technology on procurement: 3D printing

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Fringe Applications Whilst 3D printing has been prominent in the headlines for some time, it has yet to have a major impact on enterprise level businesses apart from in a few niche areas. However, it’s possible to see from these fringe applications the potential to transform costs in key areas of the supply chain. From a low starting point, the …

Manufacturing costs – cheap as China? Part 3

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Although not readily associated with industrial production, British luxury brands are poised to play an important role in the revival of British manufacturing. With the British luxury industry on course to grow 8.5 per cent this year and a multitude of factors combining to make manufacturing abroad less attractive, many brands have turned their attention back to the UK. Speaking …

Manufacturing costs – cheap as China? part 2

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GlaxoSmithKline has announced plans to invest £500m in the UK to build a new manufacturing facility. This is the first time in the past 40 years that the company will build a factory on British soil. As mentioned in a previous post – Cheap as China? – the economics of global production are changing and the benefits of manufacturing abroad are decreasing. …

Cost of manufacturing – cheap as China?

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With the cost of manufacturing goods in China increasing, is it time for companies to move their factories elsewhere?A survey of more than 200 Hong Kong based manufacturers, carried out by Standard Chartered, revealed that local salaries have risen by an average of 10% this year.  Foxconn Technology Group, one of the manufacturers behind Apple’s iPad, estimated that it had …