May 4, 2015
I attended the grand opening of Jabil’s new Silicon Valley Blue Sky Center. As CEO Mark Mondello offered,
“The Jabil Blue Sky Center is a hands-on showcase of our broad range of world-class capabilities. We’re working with customers who have innovative new product ideas and our Blue Sky Center is where we turn dreams and ideas into reality.”
Jabil has evolved tremendously from the company I knew in the 1990’s that made printed circuit board and cable assemblies as a sub-contract manufacturer.
Today, Jabil is a $20 billion company with 180,000 employees working in 90 different locations in 24 countries across the globe.
Jabil understands that it is important to engage with large clients during the ideation phase of new product development. Customers validated the critical relationship they enjoy with Jabil. One of their large customers said they do business with Jabil due to the Jabil culture. Jabil is more than a vendor–they are a partner in their customer’s success.
How important is it to have partners? A recent study commissioned by Jabil uncovered that 50% of new product ideas are abandoned due to the inability of a company to execute a new product strategy. This isn’t a noise-level problem. A partner like Jabil can help entrepreneurs and large companies alike develop, ramp and scale.
What are the critical trends that are driving today’s markets?
- Risk of customer satisfaction is in execution
The Blue Sky Center will enable current and future customers to explore and realize innovation across the full life cycle of new products. Of course, a big part of Jabil’s future is supporting the Internet of Things or IoT. The Blue Sky Center will enable companies to prototype new products and capabilities.
Is your company leaving money on the table by thinking you can’t do it all? Perhaps you can do more for your customers and yourself. You may be one partner away from seizing competitive advantage you heretofore could not imagine.
Thought for the week: