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Ten Imposters That Can Jeopardize Your New Product Development Project

Posted: January 19, 2022 If you’re developing a new product, you already know the purpose of observing best practices is to create the conditions necessary for achieving market success. But because research-backed approaches to New Product Development can sometimes seem counter-intuitive, leaders often end up implementing "best practices" that turn out to be imposters. In this piece, we’ll call out the culprits and provide some touchpoints for helping companies course correct.

The Global Chip Crisis is Driving Investment in Domestic Manufacturing

Posted: January 6, 2022

The global chip crisis appears to have reached a crescendo. Opinions vary on how long it will last. Analysts with optimistic estimates are betting on improvement in early 2022, while those with more pessimistic outlooks are placing their bets on late 2024. Though it’s likely the reality lies somewhere in between, the forecast disparity is a testament to how uncertain the situation remains.

Surprisingly, supply chain uncertainty has spawned certainty about one thing: the dangers of U.S. dependency on China-based high-tech manufacturing. “America First” is rapidly becoming a supply chain battle cry. Incentivized by massive government subsidiaries, policymakers, and industry leaders across the political spectrum are crossing party divides and beginning to function as a unified front to drive a resurgence in domestic manufacturing. But although the U.S. appears to be headed in the right direction, not even corporate recipients of massive government subsidies can move quickly enough to stop the bleeding.

Lessons From LA and Long Beach: An Operational Experiment

Posted: December 29, 2021 Many companies are now abundantly aware that LA and Long Beach port disruption exposed potentially catastrophic cracks in the US supply network. But even as a degree of resolution is underway, it would appear that certain lessons have yet to be learned. This is concerning for two reasons. First, LA and Long Beach port disruption serve as indicators to broader supply chain risks and our ability — or lack thereof — to manage them. Second, if, as Charles Kettering maintained, “A problem well defined is half solved,” it would appear we are looking not at a problem half solved but at one further complicated by inadequately conceived solutions.

The Top Five IoT Challenges and How to Overcome Them

Posted: December 15, 2021 Whether you’re preparing to bring a consumer, industrial, or medical IoT device to market, you can count on facing five challenges. In the end, the success or failure of your product will ride largely on whether your new product development (NPD) partner possesses the three core competencies needed for overcoming them. At Pivot International, we help companies worldwide capitalize on the rapidly expanding IoT market. We are a U.S.-based global partner that leverages DFM to integrate design, engineering, manufacturing, and supply chain management under a single company umbrella. Our single-source model fosters alignment and collaboration between stakeholders and ensures a seamless, error-free, and optimized NPD process. It also delivers unmatched project visibility and quality control, increases supply chain security, and drives significant cost savings.

Seven Mistakes Risk Managers Make and How to Avoid Them

Posted: December 9, 2021 It is now apparent that we live in a world for which traditional risk models are no match. Black swan events (low-probability, high-impact events) and other complex risks are increasing, and risk models that perpetuate illusions of reliably predicting them are part of the problem. At Pivot International, we are a leading global new product development (NPD) partner with expertise across fourteen industries helping clients combat complex risks to bring successful innovations to market. We do this with a single-source model that integrates product design, development, manufacturing, and supply chain management. With in-house DFM expertise, alternative sourcing solutions (including 320,000 square feet of manufacturing space worldwide, including domestic options), and nearly fifty years of proven experience, we help clients worldwide successfully navigate complex risks.