Fictiv launches nearshoring solution for production injection molding
San Francisco, CA – Fictiv announced a new hybrid injection molding solution for original equipment manufacturers (OEMs) who need the best possible tooling craftsmanship for reliable nearshore production. Through Fictiv’s global manufacturing network, OEMs can seamlessly order high-quality, production-grade tools manufactured in China in as fast as 4 weeks and then transferred to Mexico. This service provides the best total cost of ownership for molding in Mexico, including expert tool packaging and transfer to Mexico from China, bringing together the best of all worlds.
Fictiv’s nearshore injection molding solution offers unprecedented global supply chain flexibility to optimize for cost and speed.
Fictiv’s nearshore injection molding solution offers unprecedented global supply chain flexibility to optimize for cost and speed.
This solution comes at a time when manufacturing companies are facing intense pressure to reduce costs and expand margins while simultaneously addressing global supply chain risks. According to research, 51% of manufacturing leaders reported in 2023 a desire to increase nearshoring as part of their global supply chain strategy.
This new offering from Fictiv provides customers unprecedented global supply chain flexibility and enables companies to increase their supply chain stability, lower tooling costs, reduce tariffs and shipping costs, and increase supply chain speed.
“We are seeing strong demand for shorter supply chains that mitigate the risk of disruption for critical production programs,” said Ernesto Chacon, General Manager of Fictiv Mexico. “Mexico is a growing powerhouse for production manufacturing, and we’re proud to provide our customers with unprecedented access to high-quality supply in new and emerging regions.”
Setting up supply chains in new global regions is typically a very time and cash-intensive investment for manufacturing companies that can be prohibitive. Through its global network of highly-vetted manufacturing partners, digital quote-to-order platform, and regional teams around the world, Fictiv simplifies the process of setting up new supply chains, providing a faster, more economical path to market for manufacturing companies of all sizes.