Where to Locate It? Competitive International Regions for Manufacturers.
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Transcript of Where to Locate It? Competitive International Regions for Manufacturers.
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WHERE TO LOCATE IT?
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WHERE IN THE WORLD?
*ABOUT US: US-based Entrada Group partners with international manufacturers seeking to enhance their competitiveness in the global market by swiftly and easily establishing a cost-competitive production facility in Mexico to serve North and South American, as well as European, markets.
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PROXIMITY IS APPEALING
FINDING #1
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WHERE IN THE WORLD?
What locations did survey participants find most!attractive for low cost manufacturing?!
QUESTION:!
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MANUFACTURERS LIKE THE US
#1!
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WITH MEXICO RANKING HIGH
#2!
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While the US is the most attractive low-cost manufacturing location, among respondents from companies that
already manufacture in two or more locations, Mexico and the US tied, each
with 23 percent of the response.
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OTHER NOTABLE DESTINATIONS
US AND MEXICO !RATED AHEAD OF CHINA, OTHERS !
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MEXICO VS. CHINA
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WITH LABOR COSTS RISING IN THE FAR EAST, IT IS NOT SURPRISING THAT COMPANIES ARE CONSIDERING PRODUCTION IN THEIR OWN BACKYARD.
Doug Donahue Entrada Group
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EXPERIENCE
FINDING #2
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WHAT MANUFACTURERS TELL US
QUESTION:!
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WHAT MANUFACTURERS TELLS US
67% OF RESPONDENTS !PLAN ON OPENING A FACILITY IN!A COST-EFFECTIVE LOCATION(S) !!
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WHERE IN THE WORLD?
Survey participants reveal sharply different sentiments when grouped by one key criterion: whether they manufacture products in a single location or multiple locations.!!
HOW EXPERIENCE MATTERS!
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Companies that currently manufacture at two or more locations revealed a greater appetite for future expansion to a low cost location, compared to firms producing solely at their headquarters.
EXPERIENCE = CONFIDENCE
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ENTRADA INSIGHT
Engage a provider with knowledge of the local market to help reduce the fear of the unknown,
no matter what country is being evaluated. !
DOES YOUR COMPANY LACK !SITE SELECTION EXPERIENCE?!
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QUALITY AND BOTTOM LINE
BOTH COUNT
FINDING #3
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WHERE IN THE WORLD?
What were the top three factors respondents!said they consider when thinking about their!
companys manufacturing locations?! !
QUESTION:!
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FACTORS RANKED
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While respondents overall rank high-quality production as the most important factor when choosing a manufacturing destination, low operating costs was tops among companies when reflecting on motivation for past expansion, by more than two-to-one over high-quality production.
Doug Donahue Entrada Group
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Transitioning to Mexican production can be costly, risky and overwhelming unless you have the expertise to manage the setup and ongoing operation of a production facility in Mexico. Small- and midsized manufacturers, in particular, lack the resources and know-how to make such a shift.
Entrada Group can help
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TO LEARN MORESign up here for our upcoming webinar on Mexican manufacturing.