business strategies · Change management · Growth & Profitability · manufacturing · Successful Strategies

Strategic Cost Management

Most executives will state that "we have too many cost reduction opportunities" but when asked how many will specifically drive profitable growth then they may answer "I am not sure but they should". Such broad based initiatives that are taken up as a result of problem can result in "cost reduction fatigue" where cost reductions are unsustainable or are not aligned with the long term profitable growth.

Automation · business strategies · china · Global economy · Global trends · Growth & Profitability · Industry 4.0 · manufacturing · New Technology

Replacing 90 percent of humans with robots

A mobile phone manufacturer that already utilizes automated production lines, Changying Precision Technology Company in China. The manufacturing facility employed 650 employees, company has embarked on the "Robot Revolution" and now employs just 60 employees, robots performing the tasks of rest of the human workers. Company states that full implementation will result in the entire operation being supported by no more than 20 employees.