And the Winner of Digital Innovator of the Year 2018 Is… Our CEO!!
05 December, 2018
January 22, 2018 at 9:04 am
America’s industrial revolution gave a rise to mass production, which benefited both employees by giving them higher wages and leaders by lowering the production costs per unit. As a common method today, mass production helps people to place their inventions internationally. Before launching a product, you want to make sure that you’ve chosen the most profitable and efficient way of leading the project.
The work that has to be engaged for a final product can vary from one to another, depending on its complexity. This amount of engagement, along with the materials, decides the price. There are also many more factors of mass production that are also of major importance.
Lots of those factors will impact on your decision when it comes to the location. If your product has to be time-trustable, you should consider domestic manufacturing. This way you can always maintain the quality assurance, being able to check the process whenever desired.
The USA offers quality manufacturing, but there are different aspects you have to overlook when choosing a location. Some people use foreign sources to lower the cost of labor. This way they save some of the investment that can be used for developing the company.
A common lapse when thinking about foreign manufacturing is forgetting about the transport. As the price of shipping varies through time, be sure to check its costs. This way you will avoid spending more money unnecessarily. Consider reading about the shipping law also, so you can be informed if any errors occur during the transportation.
Ford Motor Company was the first firm to start with mass production. The Ford model T stands for the first vehicle launched in the global marketplace. The sales went through the roofs, since it was affordable for the middle-class society. The success story of Henry Ford inspired the American industrial and transportation revolutions. Today FMC manages 350.000 employees, which makes them the world’s 3rd biggest manufacturer in the automotive industry.
Coca-Cola represents one of the world’s most recognizable brands. What helped the company grow were the well-strategized marketing techniques. This sugary drink that’s favored by the majority, is the most served product in the world. Covering more than 200 countries, Coca-Cola manages 1.9 billion servings a day.
Considered to be one of the most profitable devices ever produced; iPhone‘s product revenue reaches $91.3 billion. When iPhone 5 was launched, this firm experienced its biggest growth. Followed by good introductions to 5S, iPhone remained as a top-quality product. According to researchers, this little Apple gadget took part in 45% of all the smartphone’s sales last year.
The tobacco industry is led by the legendary name of Marlboro. Controlling more than 40% of the tobacco market in America, this company used innovative marketing strategies to build up its name. Despite the fact that in the 1960s America suffered a massive declination of smoking habits, Marlboro managed to remain as one of the most profitable companies. Product revenue reaches $18.7 billion. Last year, Altria Group (Marlboro’s parent company), managed to ship over 130 billion packs of Marlboro cigarettes.