In an effort to reduce costs, manufacturers have relocated operations to lower-cost countries, focused around industrial hubs which have increased competition for talent at a local level. These changes require business leaders who have strong international experience to relocate entire manufacturing operations or manage a gradual scale-up of output from a new site while managing a reduction in another, and the ability to do so with minimal disruption.
Alongside this, the implementation of lean manufacturing techniques and advances in robotics have created new skills and leaders with experience in new manufacturing technology such as 3D printing, robotics, and the industrial internet of things and in high demand.
Relocating operations and site selection is a significant undertaking in terms of capital expenditure and future strategy within the manufacturing industry. A thorough understanding of the talent implications such as availability of skills, competitor activity, compensation and benefits levels and recruitment strategies and how this compares across multiple potential locations can provide the intelligence required to make the right decision and mitigate any risks.