Strong supplier relationships are a fundamental part of a smooth production schedule, but the associated costs are also a major part of your production budget. So when it comes time to lower your supplier costs, you have a choice to make. You can either double down on your current…

When a business begins to sell across the globe, it’s sometimes assumed that the next step is to move some—or most—of the manufacturing operations to one or more foreign countries as well. After all, it’s always advantageous to be closer to your customer base—right? Not necessarily. The decision to…