Business ______
Manufacturing
Bringing Manufacturing Back to North America
By
Plastiexports
38
Global and U.S. supply chains have experienced unprecedented disruptions as companies continue to be negatively impacted by multiple major catastrophes such as the COVID-19 pandemic and countless issues in Asia, specifically China. As the novel coronavirus outbreak rapidly expanded over the past year to almost every part of the world, it brought to light the excessive reliance and overexposure that many U.S. companies’ supply chains have on China. While industry experts have warned about these issues for two decades, we’re now living the reality
Investment in White Room to comply with U.S. Food & Drug Administration Regulations
of this situation. This new reality makes it increasingly important that Mexican and American companies team up to have complete, integrated supply chains between our two countries. Having American companies collaborate with Mexican factories has multiple benefits. This is best showcased through a recent example of Plastiexports and Shoreview Management Advisors teaming up to provide a complete supply chain solution to Olde Thompson, a spice and spice-related housewares company.
New Market and Growth Opportunities for Mexican Manufacturers In 2019, Shoreview Management Advisors began searching throughout Mexico for a factory that would be able to manufacture precision injection-molded assemblies at costs competitive with China. Over 40 factories were involved in the initial screening, among them was Plastiexports. This project necessitated developing capabilities that did not exist in Mexico at that time. It required challenging the traditional business model that most companies had operated within for many years. This venture represented both an opportunity to open the door to a new market and a challenge to submit in record time a proposal that complied with food industry standards.