Though production costs are always a concern and a major factor in the decision of where manufacturing/production will take place, there are other considerations, including agility/control and IP issues, that are factoring strategically--as we'll see below in this week's roundup--into where some small companies decide to set up shop.
In a previous week’s article compilation we discussed a recent report published in the Harvard Business Review: How Smart, Connected Products are Transforming Competition. According to that research, connected products are creating a new form of competitive advantage, giving way to new opportunities and leading to a new set of strategic choices for executive consideration. While that all sounds promising, there is undoubtedly a not-so-glamorous flip side. Such efforts to seize new opportunities are met with a series of challenges, and this article discusses a few of the associated risks.
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The brain trust that composes the GE scientist team has been busy working on a wearable, high-resolution imaging helmet that would allow doctors to observe brain activity on a cellular level. Due to the device's portability, motor function will be easily mapped as patients move about. While this wearable is still in development, the potential is monumental as the helmet can enhance our understanding of brain function in both a healthy and diseased state. This GE Global Research project is part of Obama’s Brain Initiative around understanding, treating, and preventing Alzheimer’s, autism, and concussions. Learn more…
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Bridget Bergin, Associate Editor at Manufacturing.net, recently sat down the Allen Klevens, Founder and CEO of Tooshlights, an LED public restroom lighting system that has gained national recognition, to discuss one of the most pivotal choices when starting a products company: do we set-up our manufacturing facilities domestically or abroad? Klevens chose to set up shop domestically due to the resulting agility and control of U.S. manufacturing. During this Q&A, Klevens not only discusses the reasoning behind his decision but also why he believes that startups and those looking to be first-to-market should consider domestic production. Read more…
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It's probably not news to you that our team here at LNS Research believes firmly in social interaction and the power engagement and knowledge transfer through media outlets. But being a good “netizen” can also be applied to Asset Performance Management (APM) and have a big pay-off as the Internet of Things (IoT) becomes more prominent. In the future of IoT, "netizenship" will mean an increased engagement in social media and sharing of rich data that's collected from smart devices. Learn more…
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