First the operations component. Keep it simple but that’s just how do you get from A-Z and if you’re sending stuff overseas you have two clear options: 1. Have them build the whole product, or 2. Have them build certain components and assemble it locally.
There are pros and cons to either. For a real world example, all those companies that make scooters and bikes for bike share? Most of them contract with factories in China to make their stuff cheap because you can pay people absolutely garbage wages that you simply cannot pay in the US or Australia. Companies don’t send stuff overseas to be built because it’s their only option, it’s just way cheaper since you’re not paying for the same labor costs. Anyway, the stuff comes back to the US or wherever and they just pop the box open and start using it. That’s advantageous because you still have to pay for domestic labor. BUT, there are drawbacks like how long will it take? If you save a ton of money on manufacturing but have to spend that money locally trying to get it out the door, you messed up.
Thanks, This should get me started
I will most likely post follow ups, but I will 100% narrow it down
Genuine life saver, thank you!
could you maybe elaborate on the R&D bit?, I get the jist of it, but maybe a bit more depth would help me fully understand and answer the question :)