by admin | Jul 27, 2017 | LTC Roll Blog
Companies have long sought to capitalize on benefits by moving certain aspects of their business to other countries. In the United States, China has dominated this conversation in recent years. However, there are many reasons to consider the advantages of manufacturing in Mexico for U.S. companies looking to diversify their manufacturing options. In this article, we’ve listed five advantages of manufacturing in Mexico. Low Cost, High Skill It’s commonly been the assumption that manufacturing in Mexico is cheaper than the U.S., which is true, but what is often not known is the significant skill level of Mexican workers. The country graduates hundreds of thousands of skilled workers each year in an area that is massively literate and whose education system is substantial and growing. Additionally, the labor force is known both by reputation and research to be highly dependable. High quality coupled with low wages gives a complete picture of manufacturing in Mexico Affordable Infrastructure Wages aren’t the only place businesses see savings, though. Manufacturing in Mexico offers a modern infrastructure that is quite affordable. Estimates in the U.S. suggest the average real estate cost per square foot between $9 and $20, whereas many estimates put it below $5 for Mexico. With this infrastructure comes easy access to the U.S. by air, land, or sea. Shipping can happen in cargo ships or semi-trucks, but business can also capitalize on U.S. rate structures for major shipping corporations. Proximity to the U.S. Shipping provides the perfect segue to the next advantage of manufacturing in Mexico: Proximity to the U.S. This is not only an advantage because of shipping, but also for...
by admin | Jul 20, 2017 | LTC Roll Blog
Manufacturing has long been one of the mainstays of the American economy. Today, it still makes up a significant portion of the GDP in the United States. However, one of the major issues facing the industry is the issue of women in manufacturing. Here, we’ve compiled ten important facts about women in manufacturing that you should know regardless of your gender. The Growing Need for Women Surprisingly, there is a growing desire for women in manufacturing jobs today. Even news articles and editorials note the importance of women in manufacturing. Moreover, there have been studies on the number of women in manufacturing and the barriers they face. Thankfully, their support organizations and schools help pave a way forward. Depending on the numbers at any given time, there are approximately 600,000 open manufacturing jobs, and women are the largest demographic pool that can help meet this need. Women in Manufacturing are Decreasing Sadly, in a time when manufacturing grew significantly, the number of women in the industry decreased. Many facts about women in manufacturing are puzzling. For example, from 2010-2013 manufacturing jobs increased by over 500,000, but women lost more than 28,000 jobs in that sector. Both historically and currently, manufacturing has been dominated by men. However, a multi-level effort is underway to change the tide and fully open this field up for women. Success and Gender Diversification Believe it or not, there is a link between company success and gender diversification. Research statistics prove that companies with women in leadership roles show increased rates of innovation and problem-solving. They also experience a higher return on equity, better annual valuation,...
