Global Product Development Services – An Economic Boon for Clients
There are massive economic and political pressures for manufacturing companies (such as in the G8 countries) to which they are forced to respond. The combined pressures and responses are radically transforming the industry. The pressures include high-cost labor pools, and costly raw materials (e.g. steel and petroleum). The responses include internal consolidation, outsourcing to global product development, and assembly flexibility. The companies must change their operations to suit these.