As was speculated by business media this week, Foxconn, the largest global electronics contract manufacturer has indeed made its announcement regarding an initial $10 billion manufacturing investment in the U.S.
High Tech and Consumer Electronics Supply Chain
Continued reports citing informed sources indicate that global contract manufacturing and LCD manufacturing supplier Foxconn is getting closer to announcing a major investment in U.S. based manufacturing.
More definite reports indicate Foxconn will make a $7 billion U.S. investment decision in July. Make no mistake that this is a very big deal for high-tech and consumer electronics supply chains, specifically Apple’s supply chain.
A public acknowledgement by Apple CEO Cook and other evidence indicate that automotive supply chain disruption is on the not too distant horizon. Traditional auto manufacturers and their key suppliers may be the deer in headlights if they do not move fast enough with an integrated product development and supply chain support strategy.
A growing tenet in today’s broad supply chain management capability umbrella is the ability to be able to integrate product and manufacturing process design with global-wide production capabilities, faster and cheaper than existing competitors. These notions are now playing out in the global smartphone market with recent revelations that China based industry disruptors are gaining more global market-share.