Price-based Market Testing: Long term Relationships Vs. Transactional Price Sourcing Vs. Total Cost of Ownership
When you have to devise or evaluate a price strategy in a competitive market, there is more than one consideration you have to take into account. Typically, there is no straightforward answer as to “when” you should change your pricing. Most OEMs don’t compete or act...
Nearshoring: Pressure to Bring Manufacturing Back to the U.S.
The traditional offshore sites such as China, Eastern Europe, and India are not as advantageous as you would expect. However, increased manufacturing costs propel companies to opt for traditional offshoring. But the recent plunge in the cost of ownership in these...
What Will the Future of Workplace Culture Look Like?
A PwC survey confirms that more than 40% of CEOs view workplace culture as an essential component to attain and retain talented employees. On the other hand, millennials and Gen Z employees prefer to work in a workplace environment where the company prioritizes...
Will Amazon Catch Up to the High Expectations and Needs of the Manufacturing Sector?
It is no secret that Amazon continues to disrupt the most niche and technical markets through the AmazonSupply platform. The dedicated site offers a wide range of components and supplies to industrial, commercial, scientific, and business customers. However, the...
How Will Global Trade Move Forward Under Biden-Harris Administration
Introduction Whether you lean towards conservatism or liberalism, it is hard to overlook the isolated trade relations set forth in motion by former U.S. President Donald Trump. With a new administration comes a new hope to restore the flawed global trade policy,...
Four key trends in procurement decision making
Four key trends that will have a major influence on procurement decision-making in 2021. Risk A major increase in business risks, including supply chain disruption to cybersecurity to regulatory change to the economic implications of prolonged pandemic-related...
Reverse Engineering in Industrial Manufacturing
Introduction Today, manufacturing technologies are synonymous with rapid and reliable production processes. It would be fair to say that your manufacturing process is different from others. But despite your unique method, you can now have access to components to make...
5 ways to Avoid Costly Conveyor Breakdowns
Conveyors are exceptional in their productivity enhancement for manufacturing and distribution operations and making sure they continue to perform optimally with minimal to no breakdowns should start right from the beginning with your conveyor components. Here are 5...
Selecting the Right High Pressure Nozzle
Selecting the Right Nozzle There are several factors to consider before choosing an appropriate nozzle. Coverage Performance Nozzles are responsible for providing suitable coverage to any of the surfaces. When choosing a nozzle for equipment, check the coverage...Weekly eNews Sign Up
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