PIVOT INTERNATIONAL BLOG
Thank you for visiting the Pivot International blog. We are a collaborative product development, design, and manufacturing firm serving clients around the world. For more information about our services, please call us at 1-877-206-5001. We look forward to working with you.
For nearly three decades, American companies have been offshoring manufacturing services. Between ongoing trade tensions, increased regulatory restrictions, and the recent Suez Canal debacle, companies are struggling with the challenge of how to get offshore supply chain advantages closer to home.
The most simple solution for general contract manufacturing needs is to partner with a domestic manufacturer. Many companies, however, are reluctant to do so because they assume domestic sourcing can’t be as competitive and cost-effective as offshoring. We, at Pivot International, will show how our integrative sourcing solutions are disproving this assumption and demonstrating that domestic manufacturing can come with a wealth of benefits.
Cellular technology continues to evolve with the demands of the digital age, inspiring startups to enterprise organizations alike to identify and seize emerging opportunities in this product sector. And between the appearance of 5G, Wi-Fi 6, and the pandemic-accelerated societal shift to virtual communication, the market for cellularly connected innovations is not only increasing but exploding. (The global wireless connectivity market is expected to reach $127.9 billion USD by 2027, with a CAGR growth rate of 12.5% in the forecast period from 2019 to 2027.)
At Pivot International, we are a worldwide leader in helping companies design, develop, manufacture, and distribute innovative product solutions. As leaders in the global supply chain with nine company-owned subsidiaries across three continents, we are uniquely positioned to help our partners capitalize on the market for cellular technology products.
COGS, which stands for Cost of Goods Sold, is the direct costs incurred from bringing a new product to market. It includes everything from raw-materials and components costs, to design and engineering costs, to manufacturing and distribution costs. The objective, of course, is to minimize COGS while maximizing market value, since the larger the difference between the two, the greater the potential for ROI.
For this reason, driving down COGS is a crucial aspect of bringing a profitable product to market. With this in mind, here are the five most important boxes to check.
Smaller, Better, Smarter, Faster. How High-Performance Motor Control Applications are the Product Solution You’ve Been Looking ForPosted: March 17, 2021
It's now possible to build smart ESCs (IoT-enabled Electronic Speed Controls) and brushless DC motors that can handle more than twice this many amps and generate up to 20 units of horsepower — all in a product that fits in the palm of your hand. Moreover, these motors far outperform those found in the fastest stock vehicles, going from 0 to 60 in 1.6 seconds and pushing speeds upwards of 170 MPH. (Move over, Tesla.)
Before developing any product, it's essential to determine the difference between whether your target market will view your product as a need vs. a want. This question needs to be addressed from several angles, which we'll explore in this piece:1. We'll discuss the distinction between wants and needs. 2. We'll examine the role of product development in successfully translating the first into the second. 3. We'll look at the sales and marketing piece of the equation.