But in the global manufacturing economy, everybody has access to the same equipment and suppliers, including those in low-cost countries. Large OEMs with a global footprint will source from across all continents, based on quality, cost and delivery, placing work where those three factors indicate it to be most sensible.
More than technology
It is a widely held tenet that to succeed companies must principally have access to the very latest manufacturing technology, which often these days is complemented by its supplier’s process knowledge. The big welcome given to the annual investment allowance move earlier this year is clearly linked with that belief. Our aerospace feature on page 16 focuses on just such investment, in fact.