Are You Thinking About Reshoring?
June 16, 2020
Are You Thinking About Reshoring?
Offshoring has been a popular move over the years due to perceived lower costs. The reality of the pandemic has perfectly illustrated the risk v reward argument: the greater the distance, the higher the risk. Some sectors have experienced substantial delays and disruption affecting their entire operations or no supply at all, while others have started to wonder why they ended up adding supply chain complexities exacerbated by the pandemic.
Why buy higher quantities, wait longer for them to be delivered, increase stock value, exposure and limit your flexibility in implementing design change?
Is a product really cheaper if you can't deliver it?
All manufacturers have had to re-assess their operations and supply chain to overcome the challenges and logistical nightmares of the past few months. When you weigh it all up, offshoring may not be as cost-effective as it once was.
I think we all agree that overall, we need to find ways to become more resilient, more flexible and the answer may well be to resource domestically to regain control over product availability.
Why reshore to us?
We have worked in the global semiconductor / wafer fabrication sector for over 15 years and we have developed our capabilities around our customers' needs. Our customer base recognises that their competitive edge is flexibility and speed to market.
By using us for supply, they can react in 6 weeks when their competitors take 12. They can bespoke design and introduce new product at a much quicker speed whilst maintaining quality and price.
There are 5 factors that make us successful: our staff, communication, quality, flexibility and value for money.
If you have experienced supply issues and would like to discuss a new outsource partnership, please contact us.
LATEST NEWS
Today, we proudly welcomed a group of Level 3 Enhanced Engineering students from Merthyr College to our headquarters.
We are beyond thrilled to announce that Philtronics has been honoured with KLA ’s prestigious Special Contribution Award at their 2024 Supplier Day in San Francisco. Simon and Anne were proud to accept the award on behalf of Philtronics, wishing the entire team could have shared this moment. This recognition from a global leader in technology and manufacturing solutions is not just a monumental achievement for our company, but also a testament to the dedication and craftsmanship of our entire team. The award also underscores our ongoing commitment to pushing boundaries through innovation, growth, and partnership.
We’ve taken our relationship with Coleg y Cymoedd to the next level by sponsoring their Esports Wales League. But what impact will this have on the students we’re supporting and the growth of the technology industry? Read on to find out.
