The Institute for Supply Management (ISM) will be holding its 2015 Annual Conference in Phoenix, Arizona. Source One will be exhibiting at the show, as well as speaking on the topic of nearshoring. Source One's William Dorn (VP of Operations) and Diego De La Garza (Senior Project Manager) were selected due to their unique experience with supplier development challenges in Mexico.
Many US companies outsource to low-cost countries, but lately there has been an uptick in moving manufacturing processes from overseas to closer to home. Mexico has become an increasingly attractive solution to supply chain managers, offering competitive labor and favorable trade agreements, but it is not without its challenges. Source One has been a champion of nearshoring efforts, helping many businesses revise their supply chain strategies and evaluate Mexican options for greater cost savings and operational efficiency.
Dorn and Garza will present both the pro's and con's of sourcing from Mexico, and provide insight into best practices for supplier identification. Key topics will include:
- Inventory turnover
- Compatible business culture and time zones
- Labor and trade benefits
- Intellectual property securities