NEW PORT

PARTNERS
NASDAQ Listed Wireless Device Company
Tariff Mitigation. Rapid Supply Chain Diversification. Scaled Operations. 11% Gross Profit Improvement.

Solutions
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Recruited new Operations leadership from top tier global companies who had extensive experience leading fully scaled Fortune 500 and NASDAQ supply chains
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Launched accelerated RFQ process including tier 1 contract manufacturers with operations outside China
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Transitioned from single low-performing factory in China to two tier 1 contract manufacturers in Taiwan and Mexico
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Scrutinized BOMs to assess country of origin of all components. Qualified new component suppliers outside China to optimize product-level country of origin adding dual and triple sources where possible.
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Renegotiated component pricing with remaining China-based suppliers to mitigate/eliminate tariff impact
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Consolidated multiple legacy, unsupported IT systems across 12 legal entities
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Instituted cybersecurity roadmap and employee training program
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Worked collaboratively with key customers on product pricing to mitigate tariff impact
Results
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Manufacturing at new tier 1 CM began within 3 months. Entire product transition completed within 6 months
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Convinced legacy Chinese CM to absorb all tariff impacts on near EOL products
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Reduced transformation cost from 22% to 4%
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Qualified another tier 1 CM and 2nd source component suppliers
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New CMs with operations in Taiwan, LatAm and eastern Europe for added flexibility