How would you like to spend substantial amounts of time and money on establishing an overseas supplier to manufacture your product - only to see that partner start competing against you with its own brand?
The global electronics contract manufacturing market is forecast to grow at a CAGR of 5.74 percent from 2012-2016, according to TechNavio analysts. One of the key factors contributing to this market growth is the need for original equipment manufacturers to optimize resources. With the fast-paced product development environment of high-tech electronics manufacturers, creating a closed-loop, traceable collaboration process with their contract manufacturing partners and suppliers is key to product efficiencies, quality, compliance and meeting time-to-market goals.
Innovation of the Year: Disruptive technology products must get to market faster than ever, and a product innovation center at Flextronics reconfigures the supply chain to do just that.
Runner-up: Sears Holdings Corp.
Finalists: Intel, Fast Logistics, Zimbabwe National Family Planning Council
Getting your finished goods to customers damage-free is key, but it never hurts the bottom line to do that cost effectively and in an environmentally friendly manner. Intel accomplished all of that by changing how it packaged its products.
Flextronics International Inc., a multinational company offering design, manufacturing, distribution and aftermarket services to original equipment manufacturers, won the 10th Annual Supply Chain Innovation Award at the yearly conference of the Council of Supply Chain Management Professionals, held this year in San Antonio.
The largest private employer in China and one of the biggest supply chain manufacturers in the world, Foxconn, announced it will soon start using robots to help assemble devices at its several sprawling factories across China. Apple, one of Foxconn's biggest partners to help assemble its iPhones, iPads, will be the first company to use the new service.
China is transforming itself from a source of low-cost manufacturing for western consumers to a potentially huge market for domestic production. Ron Tarter, senior vice president and general manager of Flextronics, discusses how his company and others are adjusting to the shift.