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ASIA MANUFACTURING COST DRIVERS REPORT Q1– 2023 (Jan. Feb. Mar.) Tracking The Trends That Drive Costs in Asian Manufacturing Executive Summary With the lifting of most of the world-side pandemic restrictions by 2023, Asia manufacturing continues to stabilize and rebound but at a slower pace than in the past. The emergence of a new wave […]
What Is the Product Tech Pack? A Product Tech Pack (PTP) is a controlled document containing all the information about your product. It’s an essential document for all members of the product team, from designers to engineers to operations and quality assurance personnel, when producing products to help clearly communicate every detail, no matter how small. […]
ASIA MANUFACTURING COST DRIVERS REPORT Q4– 2022 (Oct. Nov. Dec.) Tracking The Trends Which Drive Costs in Asia Manufacturing Executive Summary Despite supply headwinds, labor shortages, and an uncertain economic environment, Asia manufacturing continues to surpass the expectations of recent years. Manufacturing has demonstrated continued strength in 2022, building on the momentum it gained emerging […]
Aluminum Extrusion’s Evolution Since the Late 1700s Aluminum extrusion converts aluminum alloys into cross-sections for various applications. The extrusion process takes advantage of aluminum’s unique properties, such as malleability and strength. Aluminum only has a third of the density of steel, yet offers considerable strength. These characteristics make aluminum alloys easy to cast, machine, and […]
A resilient supply chain is identified by its ability to either mitigate or quickly recover from most, if not all, supply chain disruptions. The most agile and resilient supply chains are built to do more than just resist and recover. They are designed using processes and technologies that allow them to predict and respond quickly […]
Background: Following initial sales calls made in 2015 and subsequent discussions, the project to develop a new spray tanning product line was on track for 2020 development. Then, of course, COVID hit! However, thanks to Source International’s full Operations team on the ground in Asia, we were 100% ready to proceed as soon […]
ASIA MANUFACTURING COST DRIVERS REPORT Q2– 2022 (April, May, June) Tracking The Trends Which Drive Costs in Asian Manufacturing Executive Summary On average, manufacturing costs moved slightly lower in Q2. Most grades of plastics, rubber, steel, aluminum, metals, wood, fuel, and shipping costs, all were lower in price while only textiles showed an increase and […]
Plastic injection molding is a highly repeatable manufacturing process used to mass-produce identical plastic parts. It is ultimately a cost-efficient method of producing the plastics we use daily, such as bottle caps, toys, and appliance parts. To begin the process, thermoplastic polymer granules are melted. These polymers, which can be colored or filled with other […]
Manufacturing costs trended sharply upward in the first quarter of 2022. Most grades of Plastics, Steel, Alum, Metals, Wood, Textiles, Ceramics increased along with costs for Fuel, and Currency. Only Rubber and Paper decreased in the quarter along with Freight costs which declined 4.8% from elevated levels in most of 2021. The cost of Labor was flat in most Asian countries but rose sharply in
Casting was one of the first industrial manufacturing processes dating back at least 7,000 years to China, India, and Pakistan. Throughout history, the casting process has been used to make tools, weapons, works of art, and other parts. The modern casting process uses many different techniques and in all of them, liquid material is poured (or injected) into a hollow cavity of a
Source has the boots on the ground infrastructure to deliver exceptional contract manufacturing programs that are on-time, on-spec and on-budget. Our exceptional personnel and processes, and world class facilities give us the edge to stand out in the crowd. We’ve been here for over 35 years and will be here when you need us with a program of uncompromised quality and guaranteed satisfaction.
After a promising first half of the year, the second half of 2021 proved lackluster for Asia manufacturing. Costs in Q4, 2021 moderated on lower demand and work interruptions caused by COVID outbreaks. These factors coupled with shortages of key semiconductor chips and power restrictions in China led to a decline in production capacity utilization.
Aluminum Extrusions are produced by a process by which heated aluminum alloy material is forced through a die with a specific cross-sectional profile. Aluminum extrusion parts are widely used construction, machineries, home appliance, etc. The aluminum extrusion process begins with the product design. The design of the product based on its intended use determines the production parameters. Questions regarding
Our Customer, a leading machine tool builder in North America, has been producing various CNC lathes, mills, machining centers for decades. The company started growing rapidly after 2009, the executive team wanted to expand sources across the world in order for more diversified supplies and competitive prices without compromising quality. They contacted tens of sourcing companies in North America and later chose Source
Protect yourself from the Omicron Covid variant with KN95 masks. With about one quarter of the American population still unvaccinated and the Omicron Covid variant threatening, all Americans, whether they are vaccinated or not, should wear masks indoors in public spaces and in places where the coronavirus is still spreading. New cases of the COVID delta variant are still rising in many states, especially those with low vaccination rates.
Asia Manufacturing Stalled in Q3, 2021 Due to Energy Shortages, COVID Outbreaks, Material Supply Constraints, And Transportation Backlogs. Factory output in Asia slowed in the third quarter as manufacturers battled COVID spikes, worker shortages, material supply constraints, and energy shortages. Raw materials continued their upward trends for the most part and transportation backlogs compounded the global supply chain problems.
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With more than ¼ of the American population still unvaccinated and the COVID delta variant causing surging infections in the US, the Centers for Disease Control and Prevention (CDC) reversed their previous guidance this week and is now recommending once more that all Americans, whether they are vaccinated or not, wear
Asia Manufacturing Costs saw sharp rises in raw material costs and strains in supply chains in Q2. Meanwhile, contrained output and the spread of new COVID variants (especially in India) fueled further negative impact on productivity and supply chains.
