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How to Successfully Solve Your Size, Weight, Power, and Cost Equation for Developing a Wireless Product
Posted: June 23, 2021No matter the specifications of the IoT product your company is bringing to market, you'll need to make strategic trade-offs to successfully solve your SWaP-C equation (size, weight, power, and cost). A large part of this will depend on understanding the differences between wireless technologies and which is right for your product.
For more complex products, choosing the right wireless technology is rarely a simple one-to-one affair. In other words, a combination of variously configured LoRa, Wi-Fi, Bluetooth, and cellular technologies is often needed. This means you'll need to select a product development partner with expertise in all four.
Four Perspectives for Simplifying the Process of Making Your Use Case
Posted: June 9, 2021If you’re preparing to bring a new product to market, you already know your product’s success will depend in large part on establishing a sound use case. As the name suggests, this involves identifying the needs your product is intended to meet, the challenges it’s designed to solve, and the practices and preferences of the end-user. (And then optimizing your product accordingly.)
Four Ways to Expedite Your New Product Development and Accelerate Launch
Posted: June 2, 2021Every company wants to cross the finish line of new product development (NPD) faster than their competitors. Why is this such a difficult challenge for many companies, and how do they overcome it? This is a question we’ve been helping our partners answer for almost fifty years. Expediting your NPD through proof-of-concept, development, engineering, manufacture, and distribution requires a perfect storm of specialized capabilities, services, and skillsets.
Moving From Viable to Optimal Use-Case Solutions — Three Keys to Creating Profitable Products
Posted: May 26, 2021Here’s the scenario: you have an idea for a new product. You’ve done your market research, you have a good sense for your product category and use case, and you’ve even looked into and budgeted for the costs associated with bringing your product to market.
But one of the biggest challenges your team has yet to face (possibly without recognizing the need for doing so) involves working out the details of how your product needs to operate and perform. In other words, while you have a clear sense of what your product needs to do, you don’t yet have a clear sense of how it will do this.
7 Incredible ESC and Brushless Motor Applications for Industrial, Commercial, and Hobbyist Markets
Posted: May 19, 2021If you're trying to develop a high-performance product that involves any kind of motion, ESC (electronic speed control) and brushless motors are an essential part of the equation. ESCs allow for high degrees of configurability, customization, and variability in motion control. And high-efficiency brushless motors provide the exceptional power-to-weight ratio needed for premium products.
Technical Diversity: The Key to Escaping the Hyperspecialization Trap
Posted: May 6, 2021Technical Diversity — having an extensive range of product solutions for tackling a design or development challenge — is one of the most important things you can look for in a product development partner.
Without the benefit of technical diversity, your company may fall prey to the hyperspecialization trap. While specialization is good, hyperspecialization is not. Hyperspecialization occurs when firms focus too narrowly on excelling in a few ready-made solutions for a few well-defined problems. While this can be a perfectly serviceable model for low-complexity consumer products, it poses at least three significant dangers for innovations that lie outside this narrow category. Let’s take a look at each.
Wi-Fi 6 Holds Game-Changing Possibilities for New Product Development
Posted: April 28, 2021If you’ve not yet heard of Wi-Fi 6, it won’t be long before you do. Wi-Fi 6 is the future of Wi-Fi and IoT. With it comes game-changing possibilities for new product development across nearly every conceivable industry and market.
At Pivot International, we are worldwide leaders in the design, development, and manufacturing of products created to capitalize on the rapidly expanding market fueled by this new technology. With nearly fifty years of expertise across fourteen industries and numerous markets, we help our customers seize emerging opportunities related to the rapidly mounting demand for Wi-Fi 6 applications.
How Domestic Manufacturing Can Deliver Offshore Supply Chain Advantages
Posted: April 21, 2021For nearly three decades, American companies have been offshoring manufacturing services. Between ongoing trade tensions, increased regulatory restrictions, and the recent Suez Canal debacle, companies are struggling with the challenge of how to get offshore supply chain advantages closer to home.
The most simple solution for general contract manufacturing needs is to partner with a domestic manufacturer. Many companies, however, are reluctant to do so because they assume domestic sourcing can’t be as competitive and cost-effective as offshoring. We, at Pivot International, will show how our integrative sourcing solutions are disproving this assumption and demonstrating that domestic manufacturing can come with a wealth of benefits.
Three Keys for Capitalizing on Cellular Technology
Posted: March 31, 2021Cellular technology continues to evolve with the demands of the digital age, inspiring startups to enterprise organizations alike to identify and seize emerging opportunities in this product sector. And between the appearance of 5G, Wi-Fi 6, and the pandemic-accelerated societal shift to virtual communication, the market for cellularly connected innovations is not only increasing but exploding. (The global wireless connectivity market is expected to reach $127.9 billion USD by 2027, with a CAGR growth rate of 12.5% in the forecast period from 2019 to 2027.)
At Pivot International, we are a worldwide leader in helping companies design, develop, manufacture, and distribute innovative product solutions. As leaders in the global supply chain with nine company-owned subsidiaries across three continents, we are uniquely positioned to help our partners capitalize on the market for cellular technology products.
To Drive Down the Cost of Goods Sold, Check These Five Boxes
Posted: March 24, 2021COGS, which stands for Cost of Goods Sold, is the direct costs incurred from bringing a new product to market. It includes everything from raw-materials and components costs, to design and engineering costs, to manufacturing and distribution costs. The objective, of course, is to minimize COGS while maximizing market value, since the larger the difference between the two, the greater the potential for ROI.
For this reason, driving down COGS is a crucial aspect of bringing a profitable product to market. With this in mind, here are the five most important boxes to check.
