There are quite a few important decisions that you have to make when you’re trying to take a new product to market.You need to make a timeline, you need to develop a strong marketing plan, and you also need to decide if you’re bringing in an outside firm for product development and production. If you do, it’s important that you find a firm that has a good balance of both global and regional manufacturing resources at its disposal.
Here’s a fun fact—demand for manufactured goods from emerging economies is set to nearly double by 2025 from its demand in 2010. That’s a huge leap forward, and it means that whatever firm you choose to work with needs to have solid manufacturing resources that aren’t only based in their backyard. This demand in countries with emerging economies will also be for a wider variety of products that are being designed for specific locations.
That means it’s important to work with a manufacturing firm that can help you design or re-design your product to meet the demands of the market you’re selling to.
At Pivot, we know that we live in a global economy, and that it’s important to have manufacturing resources in all over the world. We’re committed to enhancing our global manufacturing assets abroad, so that you can be confident that you’ll be able to access those markets.
But even as we’ve grown internationally, we’ve never forgotten about the importance of local manufacturing in our own country. We love our community and our country, and we’re committed to generating jobs, growth, and products here in the United States.
That’s why we recently acquired two local engineering and manufacturing companies—DigitTron and MCC Electronics.
DigitTron is based in Shawnee, KS and MCC Electronics is based in Independence, MO. We feel very strongly that these new additions will enhance our local resources for electronics engineering and manufacturing.
As we just said, while the demand for manufactured goods is exploding around the world, the solutions that are required are becoming more localized. And the same is happening here at home, as well. The acquisition of DigitTron and MCC Electronics helps us expand our facilities here at home—while we continue to expand overseas.
Having a global and local strategy in place is essential for any product design and manufacturing firm. So when you begin making the decision about who you want to work with, keep in mind that not everyone is taking the necessary steps to stay ahead of the curve.
At Pivot, we have more than 40 years of expertise in the field of product development and manufacturing. Positioned as a world leader in outsourced product development and manufacturing, we offer the seamless convenience of working with a U.S. company and the financial advantages of utilizing its own in-house, offshore, tooling procurement and manufacturing capabilities.
Contact us today if you’d like to hear more about how working with Pivot can drive your product’s success.