Learning from the industry’s best: top manufacturers’ tips for staying competitive in a changing landscape

In this issue:

1. We cover some key learnings from our recent webinar with Giancarlo Talarico of QTG.
2. We also highlight one of Axya’s top suppliers, Lotus Design, and the business model that has brought them tremendous success.
3. Finally, be sure to join us for our upcoming webinar with J2 and read all about our latest platform features!

Pivoting Your Manufacturing Business: takeaways from our recent webinar with Giancarlo Talarico of QTG.

In our recent webinar “Transforming Successfully Your Core Business Strategy in Manufacturing”, Giancarlo Talarico, President of QTG:

Giancarlo decided to pivot QTG away from their specialization in commodity products (such as steel tubing) and towards opportunities in contract manufacturing and value-added fabrication as he witnessed a changing manufacturing market.?

He shares the following tips for companies looking to perform similar pivots in today’s landscape:?

• Analyze your current positioning: Perform SWOT analyses and figure out where the best profit margins and satisfying customer interactions lie. Figure out what customers will pay you for and identify their needs.
• Define your value proposition: Brainstorm what makes you valuable and unique as a company. Clarify your team's values (such as teamwork, communication, or learning) and ensure you maintain these upon pivoting.
• Build a team for transformation: Build a team that will best support an innovative culture upon your company’s pivot. Hire, train and promote as necessary to create this team.
• Define and improve a transformation plan: Create a detailed timeline, budget and plan that brings your company where you want to be.
• Develop strategic partnership: Find investors, financial partners, local partners, and governments ready to help you succeed with investment, support and guidance.
• Prepare for unforeseen issues: Timelines for training, sales cycles and growth might vary. It’s important to create an internal culture of communication to brace your team for events and delays out of your control.

?? Manufacturer Highlight: Lotus Design

Your design engineering partner

Lotus Design, located in Cantley, Quebec, is your go-to CNC machine shop for design engineering excellence. With a stellar track record and clients like Taiga Motors, Galvion, and Meta Materials, Lotus Design is a trusted partner in bringing innovative ideas to life.?

No project is too unique for Lotus Design’s skilled team —the company’s portfolio boasts a wide range of products, from high-end glassware to cutting-edge fishing rod technology. The team takes their clients on the entire journey from prototype to market.

With in-house mass production services and capabilities in vendor analysis and quality control, you can ensure that the Lotus Design team will provide a comprehensive solution.

Led by David Lefebvre, a former varsity swimmer with a background in business development and mechanical engineering, Lotus Design has received hundreds of positive reviews from customers and become a supplier that Axya users can trust time and time again.

Customers have found incredible value in the shop’s ability to support a variety of requests, take on design projects and deliver results on a tight timeline. Overall, Lotus Design is an ideal supplier to work with whether you’re just starting, or looking for a partner for years to come.?

Contact Lotus Design for your projects!

Email Dave at [email protected], call him at 819-639-6816 or visit his Axya profile for more information.

Visit their profile

What’s new on Axya

For Buyers:

?

Swift File Upload!

Fed up with the relentless struggle against size restrictions, the never-ending zipping of files, and the anxious hope that they'll safely reach your suppliers? With one click, send Addendas and RFx files to all your suppliers hassle-free, slashing turnaround times. No more file size worries or slow uploads.

For Suppliers:

?Notification center

Stay informed and respond quickly to all new message notifications from your clients! View new messages, history of past notifications and navigate with ease. Use the notification center to efficiently communicate!

Join the webinar with Réal Julien from J2!

Join us for an exciting new webinar! On Friday, October 13th at 11 AM, tune in for a conversation with Réal Julien, President at J2 Approvisionnement Inc.

?

Moderated by Axya co-founder Nicolas Gauthier, the webinar will be an invaluable resource for attendees seeking insights into the world of outsourcing. Réal will touch upon the future of outsourcing, tips to make your supply chain robust and essential outsourcing lessons learned from the pandemic.

Sign up here

Whether you’re an industry veteran or new to outsourcing, this event will be an excellent chance to hear about strategies from an industry expert who can help you revolutionize your own business operations. Register now and mark your calendar – we look forward to seeing you there!

What did you think of this newsletter?

Share your opinion with me at [email protected]???

Or send me a message over there??