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MIke Parsons
Business mentor and innovation coach
Innovator in Residence, Lancaster University Management
School
co-author (with Mary Rose) Invisible on Everest
Founder OMM, lightweight packs and clothing
Formerly CEO and chief innovator Karrimor : 320
employees
RESHORING bringing production back
Mike Parsons
presentation at Glasgow Lighthouse,
Design Centre Aug 23rd 2013
RESHORING bringing production back
Mike Parsons
RESHORING
Mike Parsons
RESHORING
Mike Parsons
WHY is RESHORING essential?
EVIDENCE BASED
Sourcing in China since early 80’s
Findings from my April 2013 visit to S China
CHINA SUPPLIES
Cost inflation + labour shortage
China factories based on (inland based )
migrant labour
Demographics
New emerging middle class = consumers
Western World
London’s streets no longer paved with Gold
New attitudes
Job shortages
Young people’s attitude to factories - change
additional rationale for reshoring
IP protection - less ‘leakage’
shorter lead times,
Less capital tied up
Closer to own production
Faster innovation
THE HURDLES to RESHORING
Higher costs
Operational (machine) skills
Factory management skills
Overcoming hurdles
Ask your China suppliers to set up in Europe
Change business model, sell direct
Innovate by design, use emerging technology
Lean manufacturing/pull systems
Overcoming hurdles - examples
Apple brings Foxconn to USA
Change business model, internet and online
sales
Emerging technologies -- 3D printing
Convince your customer that better service =
higher outcome margins
Intake margins, product managers ‘god’
The reshoring JOURNEY is long
Every journey
begins with a single step
Start now!
Mike Parsons
Business mentor
and innovation coach
Mike Parsons [email protected]
Business mentor and innovation coach
Innovator in Residence, Lancaster University Management
School
co-author (with Mary Rose) Invisible on Everest
Formerly CEO and chief innovator Karrimor : 320 employees
Founder OMM, lightweight packs and clothing
