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The erosion in the cost advantage has been driven by a confluence of sharp wage increases, lagging productivity growth, unfavorable currency swings, and a dramatic rise in energy costs, states the Boston Consulting Group (BCG) based on a study of 25 nations that account for nearly 90 percent of global exports of manufactured goods.
Operations Research began when scientists demonstrated the value of analytics in the study of military logistics problems in the 1940s as a result of the complex requirements of World War II. ” History of Supply Chain Management: The Future of Supply Chain and Logistics.
Over 40% of CFOs cited productivity as the top benefit of an effective workplace safety program.” – Chief Financial Officer survey, Liberty Mutual Insurance company , (2005). Read Full Post. Read Full Post. The Big Return on a Focus of Manufacturing Safety: Where else is operations getting these kind of returns? Read Full Post.
The primary consumer and investor of robots in North America, the automotive industry, decreased robot ordering from 41 percent in 2005 to 21 percent in 2014. True, the robot may be able to perform the same tasks as humans and increase production, but it’s leading to a new field of study for those who are about to enter the workforce.
And, according to a Boston Consulting Group (BCG) study, 54% of companies with above one billion in revenues are now considering reshoring. Since 2005, U.S. Studies show that as many as 80% of consumers believe American-made products are comparably high-quality. Motivations and Stats on the State of Reshoring in 2015.
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