In today’s medical device market, there’s a wide range of options when it comes to choosing a manufacturing location. Here are some advantages of nearshore manufacturing that ensure you get a high-quality device on time and at a lower cost.
What Is Nearshore Manufacturing?
Nearshore manufacturing is when a company moves its operations across national borders to a nearby region. It’s common for a medical device manufacturer to select an area that shares a border with the country where their main facility is located. Choosing a country that’s close to flagship manufacturing facilities decreases travel time and lowers costs.
Nearshoring vs. Offshoring
Offshore manufacturing takes a completely different approach to manufacturing than nearshoring. Offshoring is when companies rely on outsourced vendors in distant locations where talent is high and process costs are low. Popular locations for offshore manufacturing include India, China, and the Philippines. Time zone differences play a significant role in offshore manufacturing, forcing companies to work around the clock to communicate with their supply chain.
The Advantages of Nearshore Solutions for Medical Device Manufacturing
Nearshore solutions for medical device manufacturing have a variety of benefits, including:
Streamlined Management
Nearshore manufacturing provides streamlined management and processes. Countries like Mexico and the Dominican Republic are near the U.S. and share time zones with many states, allowing U.S. manufacturing teams to communicate effectively and travel smoothly.
High-Quality Infrastructure
The business infrastructure in many Latin American countries is more reliable than in offshore locations. Companies that rely on offshore locations like Europe and India are forced to work with aging infrastructures. Choosing a nearshore partner with a dependable communication infrastructure that includes a solid internet connection and modern technology ensures projects aren’t delayed due to unexpected obstacles.
Lower Labor Costs
Nearshore manufacturing facilities are known for developing high-quality production processes at a lower cost than offshore companies. Nearshore companies in countries like Mexico and the Dominican Republic provide the equipment, facilities, and technical expertise to produce high-quality medical devices at a lower cost, giving you the highest return on your investment.
Skilled Workforce
Nearshore manufacturing companies are also known for their highly skilled workers because they emphasize technical degrees in other countries. For example, engineering programs in Mexico educate 5,000 engineers and technicians per year, giving American medical device manufacturers a more efficient and innovative manufacturing process that results in a quality product at an affordable cost.
Industrial Hubs for American Companies
Nearshore countries have proven to be innovative industrial hubs that cater to American manufacturing companies. A variety of well-known U.S. manufacturers have chosen the Dominican Republic as their manufacturing hub, including Jabil, GE Energy, Johnson & Johnson, and Cardinal Health.
Remington’s Nearshore Manufacturing Facility
Remington offers contract medical manufacturing services to the medical device industry from our two facilities in Georgia and our nearshore facility in the Dominican Republic. Our state-of-the-art manufacturing facility in the Caribbean region provides turnkey customer solutions with unparalleled quality at a lower cost. With our nearshore supply chain, we prevent time zone constraints, delayed freight time, and IP issues, resulting in a high-quality product that makes it to market on time. Contact us today to learn more about our nearshore manufacturing facility.
