The COVID-19 pandemic has significantly impacted the global economy, exposing vulnerabilities in supply chains, logistics, and manufacturing operations. With widespread plant shutdowns and disruptions in transportation networks, the pandemic has brought the fragility of global supply chains to the forefront. As a result, electronics companies in the United States have been forced to reevaluate their operational strategies. Many seek to diversify their supplier base and adopt new technologies to ensure business continuity in the face of future disruptions. In light of these challenges, companies are increasingly turning to innovative solutions to address these issues and build more resilient supply chains. This trend has prompted a renewed interest in domestic manufacturing, and companies like MacroFab are leading the charge.
MacroFab is a venture-funded manufacturing platform for electronics that has experienced significant growth over the last few years. MacroFab aims to revitalize the US manufacturing industry by bringing high-quality, reliable, and affordable manufacturing solutions to American businesses. Following the COVID-19 pandemic, MacroFab has experienced increased demand from US Original Equipment Manufacturers (OEMs) looking to reshore and nearshore their production to reduce supply chain risks and improve their bottom line. With its digital-first approach, MacroFab strives to streamline the manufacturing process, from prototype to full-scale production, and ensure that products are built to the highest standards.
The platform MacroFab has built helps manage electronics manufacturing and provides customers unparalleled visibility into their production. Access to real-time supply chain and inventory data puts its customers in control and is key to MacroFab’s achieving the best customer satisfaction rates in the industry, with Net Promoter Scores(NPS) remaining above 50 even during historical supply chain disruptions.
One of the key advantages of working with MacroFab is that it has a footprint in the US, Canada, and Mexico. This means customers will have their products manufactured closer to home, reducing lead times and improving supply chain resiliency. At the same time, MacroFab ensures that the products manufactured in their domestic manufacturing facilities meet the same high standards and quality. “We assure our customers that they can be confident about the quality of their products. MacroFab is committed to ensuring the same high standard and quality of the products that they would expect from any other tier 1 manufacturers around the world”, says Misha Govshteyn, CEO of MacroFab.
Another advantage is the company's access to over 100 factories and hundreds of production lines. This gives stakeholders more elasticity with their electronics manufacturing, depending on the demand they are experiencing. From the customer's point of view, this eliminates the risks and challenges associated with supply chain disruptions. Commenting on its extensive manufacturing facilities, Misha Govshteyn, CEO of MacroFab, says, “A domestic production facility like ours gives our customers the convenience and flexibility they require to enhance their production process. And because MacroFab is a venture-funded company with a healthy balance sheet, customers can be confident that it will support them no matter what happens with the economy”.
The company's commitment to innovation is the most significant advantage of working with MacroFab. Despite being a relatively young company, MacroFab is already at the forefront of the digitization of the manufacturing industry. The digitization and automation of the electronic manufacturing industry have been proven to be a slow process globally, but MacroFab prioritizes the importance of these aspects.
MacroFab is a shining example of how domestic manufacturing can thrive in today's economy. By offering a digital-first approach that leverages the latest technologies and focuses on sustainability, the company is bringing manufacturing back to its former glory within the US. According to the CEO of MacroFab, the company is well-positioned to support its customers for years to come irrespective of the challenges the future may bring”.
Media contact:
Name: Mishaal Murawala
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