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Friday, 30 June 2017 13:42

A year of global influence for manufacturing

“It’s a small world after all” was made famous by Walt Disney Studios when the company included the song in a showcase of singing children at the 1964 World’s Fair, and while the sentiment has become cliché, the concept is more relevant today than ever before. In manufacturing, “It’s a small, inter-connected world after all” could well be the theme song for 2017.

The influence of global industries, global suppliers, and global commerce is growing exponentially, and before long it will reach a point when all manufacturers will be part of a fully integrated global network. We are well on our way there already.

 

Thanks to ease of shipping, lower transportation costs, and the proliferation of online shopping and e-commerce, many manufacturers are either selling to a global market, or are buying raw materials or components from international suppliers across borders.

While borders may complicate processes such as currency exchange and compliance mandates, the opportunities usually outweigh the hassles, if advanced software is in place to manage the specifics.

Source: A year of global influence for manufacturing, Logistics Insight Asia, June 30, 2017