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NASDAQ Listed Wireless Device Company

Tariff Mitigation.  Rapid Supply Chain Diversification.  Scaled Operations. 11% Gross Profit Improvement.
Futuristic Gaming Interface

Solutions

  • Recruited new Operations leadership from top tier global companies who had extensive experience leading fully scaled Fortune 500 and NASDAQ supply chains

  • Launched accelerated RFQ process including tier 1 contract manufacturers with operations outside China

  • Transitioned from single low-performing factory in China to two tier 1 contract manufacturers in Taiwan and Mexico

  • 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.

  • Renegotiated component pricing with remaining China-based suppliers to mitigate/eliminate tariff impact

  • Consolidated multiple legacy, unsupported IT systems across 12 legal entities

  • Instituted cybersecurity roadmap and employee training program

  • Worked collaboratively with key customers on product pricing to mitigate tariff impact 

Results

  • Manufacturing at new tier 1 CM began within 3 months.  Entire product transition completed within 6 months

  • Convinced legacy Chinese CM to absorb all tariff impacts on near EOL products

  • Reduced transformation cost from 22% to 4%

  • Qualified another tier 1 CM and 2nd source component suppliers

  • New CMs with operations in Taiwan, LatAm and eastern Europe for added flexibility

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