Foxconn, a Case Study of a Supplier Finding New Strategies to Remain Profitable

Foxconn, a $100-billion dollar company with 100,000+ workers who manufactures parts for other companies, most notably Apple and HP.  Foxconn, as a supplier, is looking for new ways to reduce its pricing so it remains an attractive supplier to its customers as well as continuing to grow, while faced with increased pressure to improve worker health and safety conditions.  Some strategies under consideration or in implementation by Foxconn are: automation, acquiring other key suppliers to their customers, and expanding their company into areas that allow them to “climb the value chain to find new, more profitable streams of revenue”.  Foxconn maybe a “bellwether” case study of things to come in the supply chain world. Read more here.