We’re exploring the advantages and disadvantages of outsourcing certain manufacturing processes or functions to external vendors or offshore locations. There are several important factors such as cost savings, access to specialized expertise, scalability, potential risks, and the impact on internal capabilities and control. How does it look from the perspectives of both the outsourcer (principal) and the contractor (service provider).
Category: Manufacturing 4.0
Case study: Preparing SME for growth and expansion
The client was aware that if he wanted to continue growing and expanding the company, he needed professional help with organization and digitalization. Despite the seemingly sufficient number of workers, too many obligations were solely his responsibility and it became increasingly difficult to monitor, let alone scale the business. After the entire process, the company is ready for stable growth, and we continue to work on the possibilities of diversifying products and conquering new markets.
Europe’s high hopes for hydrogen economy
Hydrogen economy is real. How fast is hydrogen coming to market and what obstacles are there on its way to decarbonizing industries and transport?
Legal frameworks in industry and manufacturing: Why is it important to have contracts
Contracts are essential for providing clarity and certainty, legal protection, risk management, and compliance with legal and regulatory requirements. By prioritizing the use of contracts in business relationships, companies can minimize the risk of disputes and build stronger partnerships. So, how can businesses ensure that contracts are used effectively to achieve their goals?
How different countries in EU are addressing energy efficiency challenges
Energy efficiency is a critical concern for many countries in the European Union. Some countries, such as Denmark and Germany, have implemented strict building codes and energy efficiency standards to reduce energy consumption. Others have introduced financial incentives and subsidies to encourage investment in energy efficiency technologies. But how effective are these measures, and what more can be done to address energy efficiency challenges in the EU?
EU behind on energy transition goals, manufacturing not severely impacted by conflict
The European Union (EU) has set ambitious goals for the transition to renewable energy and the reduction of greenhouse gas emissions. The EU’s current target is to achieve a 55% reduction in greenhouse gas emissions by 2030, compared to 1990 levels, and to reach climate neutrality by 2050.
Case study: New product and market development in the EU
A product line has been developed with minimal investments in technology, competitive on the market in the region and beyond. Several customers were already found during development, and the plan is to optimize production and expand business.
19 ways to cut costs in manufacturing companies
In the coming 2023, business will not be easy. This is especially true for those who depend heavily on sales. As interest rates on loans rise, consumers will increasingly run out of free funds. Without free resources, there is no spending.
Recession forecast and deglobalization
After two challenging years in which consumers have managed to artificially preserve consumption through direct incentives, a period of long-term stagnation, layoffs and insecurity begins. COVID-19 and the war in Ukraine certainly contributed to the reduction of value creation which could have reduced inflationary pressure. No one knows for sure what will happen, but there are many ways we can prepare for what is coming
Internal challenges of producers in Southeast Europe: Part II
There are many challenges in business, but here we will focus on the topic of internal problems in manufacturing companies from the perspective of the owner. When small but promising manufacturers reach a size of 15-30 employees, a lot of problems start to become more visible and harder to ignore. They come to the realization that if they want to take it a step further, external intervention is needed.