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Report: Entrada Gives Insight into Low-Cost Manufacturing Locations
“Where in the World” – An Entrada Group report, is based on a survey of senior manufacturing leaders. We garnered real-world insight into low cost manufacturing locationsfor minimizing overhead without compromising quality, based on an original research.
We examined questions such as:
- How many manufacturing facilities do companies have?
- Where in the world are those facilities located?
- How does the US stack up?
- What country tops the list?
This report is divided into sections to help you glean quick takeawaysabout low cost manufacturing locations. Each section has statistical findings and some include additional light analysis. Throughout this report, results may not equal 100% due to rounding or questions to which more than one response was allowed.
Key findings include:
- Reshoring and Nearshoring are Appealing– respondents rank the United States as the most attractive low cost manufacturing location worldwide, with Mexico the second choice. At the same time, among respondents who already have one or more manufacturing locations outside the US or Canada, Mexico tied with the US as the most attractive low-cost location.
- Experience with Expansion Matters– Survey participants reveal sharply different sentiments when grouped by one key criterion: whether they manufacture products in a single location or multiple locations. Respondents clearly care about maintaining product quality and pleasing customers. Regardless of company size, whether they had a single manufacturing location or multiple and whether or not they plan future site selection, survey participants indicated high-quality production remains essential.
- Quality is Paramount– Respondents clearly care about maintaining product quality and pleasing customers. Regardless of company size, whether they had a single manufacturing location or multiple and whether or not they plan future site selection, survey participants indicated high-quality production
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About the Survey
Respondents were asked about their opinions, priorities and experiences with respect to low cost manufacturing locations globally, in an effort to better understand the range of best practices and strategies for success.