5 ways to get the most from lab and manufacturing facilities

Governments are incentivizing nearshoring for technology manufacturers, so the pressures—and opportunity—to improve operations efficiency, uptime and ROI are increasing along with real estate footprints.

Much of the tech industry in the U.S. is made up of hardware (18.1%) and semiconductors (22.7%) and is expected to grow in the coming years thanks to increased demand and incentives. With billions of dollars of investment on the line, extracting the most value from your laboratory and manufacturing facilities will be essential in achieving business goals.

Whether you lease or own your facilities, here are five ways to increase efficiency and drive innovation. For a deeper dive, download the full guide.

When you’re constructing or adapting a location, critical details in facility construction and build-out can mean the difference between launching an efficient facility on time or encountering costly delays and operating problems. The choices you make during this phase directly impacts your ability to run things smoothly once the lab is ready—and can also affect the facility’s safety and regulatory compliance.

Having a streamlined facilities procurement system is advantageous whether your operations are concentrated in a single market or across regions. Working with an established network of preferred suppliers can streamline access to crucial supplies, shorten lead times and reduce costs.

Technology manufacturing businesses vary substantially, from facility type to production process to output. Each operation requires a unique level of support and a specific skillset. Whether you have too many or too few of the professionals supporting a critical environment directly impacts operations and your bottom line. Through benchmarking, you can compare your operations to industry best practices, gaining insights on how you can further enhance uptime, safety, and regulatory compliance measures.

In the event of a natural disaster, power outage or other catastrophe, preparedness is paramount for restoring operations as usual and minimizing downtime. Having a business continuity staffing plan in place ensures a disruption doesn’t mean upheaval of all operations.

When you have accurate data, layered with the right analytics and robust guidance from a trusted CRE partner, you can make smarter, faster, strategic decisions that optimize your real estate footprint, realize cost-savings and drive operational efficiencies.