McKinsey director Katy George explains why manufacturers needs to re-think their strategies as the Energy, Labour and operational costs are increasing.
She discuss on, Global Manufacturers needs to re think which needs to manufacture near to the demand and which needs to be manufactured with the innovative supply base. #Nextshoring #Proximity2Innovate #Proximity2Efficiency
Manufacturers needs to work with their supplier base and assist them to innovate their processes. The Automation and IT enabled solutions made the manufacturers to see things differently and drive their business towards progress. What compromise one should take? Innovation or Labour Costs?