Product development is a mission-critical process. And it can also be very expensive. But thanks to modern computer-aided design (CAD), computer-aided engineering (CAE), computer-aided manufacturing (CAM), and product lifecycle management (PLM) systems, many manufacturing companies now have the tools that allow better alignment of cost and value-add. This is what’s referred to as “global product development.” Learn more.
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Italy, and Japan. The list of lower-cost regions is long, but major nations include India, China, Russia and various other Eastern European and Asian countries. Domino Theory Throughout the 1980s and 1990s, manufacturing companies in high cost regions consistently shifted manual, blue-collar manufacturing activities to lower-cost regions simply for the advantage of lower costs. In certain market segments, this phenomenon has evolved to the point where there are now very few textile mills and almost no