Ivemsa

APRIL 20, 2022

There are numerous benefits of moving manufacturing to Mexico which have led to continuous economic growth and success for global companies across all industrial sectors. The country delivers has a highly-skilled, cost-effective workforce , and close proximity to the U.S. market, among its other advantages. Income Tax Laws in Mexico.

Manufacturing 52

Manufacturing Regulations Nearshoring Payroll 52

Automation Anywhere

FEBRUARY 9, 2022

When it comes to automation, the manufacturing industry has been decades ahead of others. But manufacturers still are challenged with automating some of their more complex back-office processes such as communicating with suppliers, processing payments, and generating reports.

Manufacturing 69

Manufacturing Robotics Process Automation Out-Tasking Automation 69

Ivemsa

SEPTEMBER 30, 2022

manufacturers are considering nearshoring to Mexico as a competitive advantage that’s worth the commitment. Nearshoring manufacturing rose to popularity in the 1980s as U.S. and other foreign companies began to seek ways to reduce costs while keeping up with market demand. Diversifying Your Manufacturing Portfolio.

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Nearshoring Manufacturing Offshoring Reduced Costs 52

The Global Small Business Blog

NOVEMBER 15, 2022

©iStock/trekandshoot The endless drive to reduce costs by relocating production facilities has resulted in a globalized, vertically integrated, and highly specialized manufacturing model that benefits specific countries and regions.

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Reduced Costs Manufacturing 168

Ivemsa

JULY 20, 2022

Economic changes over the past few years have readjusted manufacturing strategies moving forward. Mexico manufacturing solutions provide cost-saving benefits for U.S. Here are four areas to consider when choosing which is best for your manufacturing goals. Read more: IMMEX vs Contract Manufacturing. Overhead Costs.

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Manufacturing Administrative Regulations Reduced Costs 52

IBM Services

JANUARY 25, 2022

The manufacturing?industry, How manufacturing is evolving. Manufacturing 4.0, or Smart Manufacturing, is a term referring to the paradigm shift comprised of major technological innovations in manufacturing. The manufacturing industry is on the forefront of technology. often interchanged with Industry 4.0

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Manufacturing Flexibility Reduced Costs Advisory 52

Ivemsa

SEPTEMBER 8, 2021

Manufacturers making the move from China to Mexico continue to be on the rise due to supply chain interruptions between the U.S. With China being at the center of the pandemic in 2020, freight costs increased and shipments were delayed or canceled due to the global shutdown and a weakened supply chain. The FDI began at $37.2

Manufacturing 52

Manufacturing Reduced Costs Sourcing Marketing 52

Perficient Digital Transformation

AUGUST 17, 2023

Automotive OEMs are trying to build their own batteries here in the United States to gain greater control over the supply chain and reduce the costs of EV production, driving lower costs for their consumers. These efforts will also create jobs in the United States around battery manufacturing and distribution.

Manufacturing 52

Manufacturing Regulations Sales Reduced Costs 52

Ivemsa

SEPTEMBER 9, 2021

manufacturers have benefited from Mexico manufacturing for decades as a way to reduce costs. manufacturers to switch their strategies and relocate their foreign operations from China and bring them closer to home, in Mexico. Read full article.

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Nearshoring Manufacturing Offshoring Reduced Costs 52

Avasant

DECEMBER 11, 2020

Manufacturers Reduce Human Intervention by Accelerating Digital Adoption. Historically, manufacturing has been highly dependent on the human workforce and a little conservative in adopting advanced digital technologies such as robots, immersive reality, and IIoT to replace the human intervention. Manufacturers should .

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Manufacturing Analytics Reduced Costs Research 52

IBM Services

FEBRUARY 16, 2024

A large, multinational automobile manufacturer responsible for producing millions of vehicles annually, engaged with IBM to streamline their manufacturing processes with seamless, automated inspections driven by real-time data and artificial intelligence (AI).

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Automation Manufacturing Reduced Costs Collaborations 103

Ivemsa

APRIL 2, 2024

The benefits of Mexico manufacturing continue to draw in companies wanting to expand their production internationally. While many are familiar with the idea of what this strategy has to offer, there are also many common mistakes foreign manufacturers make when nearshoring for the first time. Through a site selection analysis, U.S.

Manufacturing 52

Manufacturing Nearshoring Administrative Out-Tasking 52

Perficient Digital Transformation

OCTOBER 25, 2023

As a result of the connected product, manufacturers can remotely monitor products to better understand how they’re functioning and how customers are utilizing them. With advanced analytical capabilities, manufacturers can then turn these insights into action. Bring our manufacturing expertise into your next project.

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Manufacturing Reduced Costs Analytics Management 52

Future of Sourcing

NOVEMBER 5, 2019

While some companies and manufacturers are setting their sights on alternative foreign factories, such as Vietnam and Thailand, others are looking to make parts closer to home. In fact, one report claims more than 50 manufacturers have already left China, most of which are technology hardware suppliers.

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Offshoring Manufacturing Reduced Overhead Sourcing 52

Sourcing Captain

AUGUST 15, 2023

From product development to manufacturing and logistics, these companies provide end-to-end solutions that ensure timely delivery of high-quality products. These companies have established relationships and partnerships with manufacturers and suppliers, allowing them to negotiate better deals and secure lower prices for their clients.

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Sourcing Supply Chain Management Manufacturing Collaborations 130

Ivemsa

NOVEMBER 28, 2023

Due to its geographic location, favorable trade agreements, and low cost of labor , Mexico became the center for global manufacturers to expand their production cost-effectively. For decades, worldwide manufacturing leaders have benefited from the opportunities the maquiladora industry in Mexico provides.

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Manufacturing Service Reduced Costs Administrative 52

Ivemsa

DECEMBER 15, 2023

There are typically two ways of doing business as a foreign manufacturer in Mexico. and other foreign manufacturers, especially for smaller operations in their first years. Working with a shelter company reduces the risk and liability of operating in a foreign country. The latter serves as a unique advantage for U.S.

Manufacturing 52

Manufacturing Administrative Right-Sizing Out-Tasking 52

Ivemsa

FEBRUARY 23, 2024

manufacturers are considering as they put their eyes toward the future. With the rapid technological evolution across various manufacturing sectors, business leaders want cost-effective ways to ramp up production without sparing quality. No matter what the circumstances, the first question is always: what’s the cost?

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Service Manufacturing Administrative Inventory Management 52

Ivemsa

JANUARY 24, 2024

Transitioning to manufacturing in Mexico is made easier with the support of shelter services. Immediate Access to Mexico Manufacturing Benefits Operators familiar with foreign production may feel comfortable when making the move to Mexico. With a Mexico business shelter, manufacturers have this tax advantage from day one.

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Manufacturing Service Reduced Costs Out-Tasking 52

IBM Business Partners

JUNE 30, 2023

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. Supply shortages can lead to line outages, manufacturing delays, out of stock issues and lost revenue.

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Manufacturing Inventory Management Reduced Costs Order Management 67

IBM Business Partners

JUNE 20, 2023

According to Warranty Week , claims totaling 46 billion USD were paid by the global automotive Original Equipment Manufacturers in 2021. The challenge to avoid or reduce warranty claims and their costs is enormous, as flaws can happen along the complete value chain. 54 billion USD in accruals have been made.

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Manufacturing Sales Engineering Reduced Costs 92

Bydrec

SEPTEMBER 22, 2021

As you may know, offshore outsourcing is a method used by businesses to reduce cost and increase efficiency. It is popularly used in Western countries, especially for manufacturing. However, it has its limitations when applied to software development.

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Nearshoring Software Cost Control Offshoring 98

IBM Business Partners

JUNE 19, 2023

But this economic growth, coupled with stringent labor laws, drove up labor costs. By sourcing materials and labor from countries with lower labor and manufacturing costs, businesses were able to capitalize on the economic boom, produce more goods and services, and minimize their costs.

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Manufacturing Offshoring Labor Costs Reduced Costs 84

Ivemsa

JULY 31, 2023

The manufacturing industry is focused on keeping up with demand in the most cost-effective way possible. The USMCA favors trade among the three countries with special incentives in many areas of the manufacturing industry, namely the automotive sector. in terms of reduced costs and worker availability.

Nearshoring 52

Nearshoring Manufacturing Labor Costs Reduced Costs 52

Ivemsa

JULY 28, 2023

Manufacturing in Mexico can be a rewarding yet complex endeavor. A shelter company accelerates the startup timeline by handling all administrative tasks and allowing manufacturers to focus their time and energy on operations. On average, manufacturers can expect to save 30-35% in operational costs.

Manufacturing 52

Manufacturing Nearshoring Administrative Reduced Costs 52

IBM Services

JANUARY 30, 2024

Manufacturing: Enable efficient and intelligent manufacturing processes to better scale production, reduce downtime and optimize strategies and operations. Solutions allow for flexible and more efficient use of physical resources, leading to reduced costs and improved operations.

E-Commerce 80

E-Commerce Analytics Manufacturing Streamline Operations 80

Magellan Solutions

SEPTEMBER 11, 2023

From healthcare to manufacturing, transportation to hospitality. Manufacturing: Just-in-Time Production Planning In the manufacturing sector, precision is paramount for efficient workflows. AI tools for scheduling are crucial in optimizing manufacturing processes (through just-in-time production planning).

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Manufacturing Healthcare Analytics Labor Costs 98

Ivemsa

JUNE 28, 2022

Due to port closures and delays, a decline in the industrial workforce, and other unforeseen challenges, the COVID-19 pandemic caused industry setbacks across the board including in aerospace manufacturing. Global manufacturers leading the industry are feeling the strain: Aerodynamics Advisory reports a 10% to 20% worker shortage.

Manufacturing 52

Manufacturing Labor Costs Advisory Reduced Costs 52

Ivemsa

JUNE 28, 2022

Due to port closures and delays, a decline in the industrial workforce, and other unforeseen challenges, the COVID-19 pandemic caused industry setbacks across the board including in aerospace manufacturing. Global manufacturers leading the industry are feeling the strain: Aerodynamics Advisory reports a 10% to 20% worker shortage.

Manufacturing 52

Manufacturing Labor Costs Advisory Reduced Costs 52

IBM Services

OCTOBER 3, 2023

But there’s good news: by modernizing their cybersecurity strategy with automation and AI technologies , businesses can help reduce costs and minimize time to identify and contain breaches. The cost of vulnerability It’s easy to see why retail and consumer goods industries present so compelling a target for attackers.

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Retail Automation E-Commerce Cybersecurity 88

Ivemsa

SEPTEMBER 28, 2022

Implementing strategic sourcing is a way to add long-term value and continually optimize manufacturing processes. Too often manufacturers jump into supplier negotiations before even considering exactly what they need and how much they can afford to spend. Evaluate Project Needs. Develop a Sourcing Strategy.

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Strategic Sourcing Nearshoring Sourcing Manufacturing 52

Perficient Digital Transformation

NOVEMBER 8, 2021

Companies should know where products are in the supply chain, whether it’s raw materials, suppliers, manufacturing, distribution, or retailers. This means that there should be support and communication from various business functions rather than having a “laissez-faire” approach to the manufacturing process.

Supply Chain Management 69

Supply Chain Management E-Commerce Manufacturing Strategic Sourcing 69

Ivemsa

MAY 23, 2022

Though over the past several years, labor and transportation costs have continuously increased and quality has begun to decline, leaving many manufacturers to realize it wasn’t exactly the partnership to take them into the future. and other foreign manufacturers succeed, here are several advantages to consider. Reduces Costs.

Manufacturing 52

Manufacturing Service Administrative Human Resources 52

Sourcing Captain

SEPTEMBER 16, 2021

As we have discussed in our previous blogs, strategic sourcing is the perfect and innovative way to reduce costs, achieve a faster time to market and improve the quality of the final product. Businesses quite often have to rely on other countries particularly China for new product development.

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Strategic Sourcing Sourcing Management Reduced Costs 130

IBM Business Partners

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. This equipment is critical to expanding capacity for chip production.

Manufacturing 73

Manufacturing Analytics Order Management Automation 73

IBM Services

APRIL 25, 2024

An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness. Organizations of all sizes and industries implement business process reengineering. BPR initiatives generally boost key performance indicators (KPIs).

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Supply Chain Management Finance Human Resources Robotics Process Automation 40

Obobo

JANUARY 20, 2023

This may involve manufacturing more products or purchasing items from suppliers. Good forecasting and replenishment planning can help to improve customer satisfaction levels and reduce costs associated with stock outs or excess inventory. Once a forecast has been generated, replenishment can be planned accordingly.

Supply Chain Management 40

Supply Chain Management Reduced Costs Manufacturing Management 40