To Outsource or Not: Why Contract Manufacturing Is Increasingly Becoming Popular
http://ift.tt/2qkI73a Technology Many companies today are strategically using outside resources to carry out activities that are otherwise handled by the internal staff and resources. This is what is known as outsourcing, and it usually involves contracting out major functions to providers that specialise in such services. Due to major breakthroughs that have occurred in the tech sector, many people are now associating outsourcing mostly with office functions that can be handled remotely like IT. However, outsourcing is being used in the manufacturing industry to produce finished goods, especially in the production of cosmetics, drugs, beverages, cleaning products, alcohol, fragrances, and personal care products, among many others. Why contract manufacturing? Outsourcing in the form of contract manufacturing or contract packaging is a practice that has been used for a long time but is now becoming increasingly popular. So, why should this be the case when the available technolog