If you’re preparing to launch a product or you’re considering nearshoring your current operations, lead time is one of the most important factors to consider. You’ve probably noticed that supply chain issues have touched nearly every industry, and consumers are growing increasingly frustrated with longer-than-average wait times. Reducing your lead time is essential for getting products into the hands of customers more quickly, and there are several ways you can achieve this outcome. One of the most cost-effective ways to shorten lead time is to choose contract manufacturing in Mexico rather than manufacturing abroad. Interested in learning more about the benefits of reduced turnaround time? Here are a few of the top reasons to rethink your manufacturing strategy:
Build Brand Loyalty
After months (and even years) of facing an unprecedented lack of inventory, customers are more likely to remember and trust brands that can keep up with demand. Your supply chain partners play a critical role in determining lead times, so choosing a nearby manufacturing hub will help simplify shipping. If the team that you partner with is also highly skilled and customer service oriented, you’ll have better odds of faster production time.
Increased Cash Flow
The shorter the lead time, the more cash flow your company will enjoy. Inventory shortages or slow shipping time isn’t just frustrating for customers–it also impacts your bottom line and can have a significant effect on your balance sheet. When your manufacturing team is agile and shipping is efficient, the increased levels of order fulfillment will benefit your company’s cash flow.
Gain an Edge Over Competitors
Although manufacturing in Mexico is becoming more mainstream, manufacturing overseas is still more prevalent. If your competitors work with manufacturers abroad, they may be affected by complications such as COVID-19 protocols, worker shortages, or high costs of transportation. By choosing the right manufacturing partner, you’ll give yourself the possibility of gaining an edge over the competition.
Whether you’re in the prototype stage or you’re not happy with your current supply chain partner’s lead times, consider working with a team closer to home. There are many benefits to contract manufacturing in Mexico, including reduced turnaround times, lower shipping costs, and highly skilled workers. If your goal is to create a high-quality product as quickly as possible, we’d love to help. Our team of 1,000+ is capable of producing excellent results for a plethora of industries, and we strive to provide an excellent customer experience. Ready to learn more about our process and determine if we’re the right fit? Please contact us to start the process.
Photo by Jake Nebov on Unsplash
