Offshore Manufacturing a Valid Option
The rise of labor andÂ manufacturing costsÂ can pose significant barriers for U.S. medical device manufacturers. Many companies have faith in the benefits of offshore manufacturing and have been seeking ways to make their products inÂ countriesÂ from Mexico to China for years. After having a presence in China for more than two decades, 3M Co. decided to establish a plant for its healthcare products in Shanghai.
UK-based Gyrus Group PLC announced its confidence in outsourcingÂ by signingÂ a 10-year agreement with The Offshore Group, a company that provides manufacturing support services in Mexico. If you're interested in learning more about outsourcing strategies and will be in the Anaheim, CA area next week, check out MD&M West. There will be two full days of conference sessions that discuss collaborative outsourcing.