Known as a leader in the expansion of the American steel industry in the late 19th century and becoming one of the richest Americans in history, industrialist Andrew Carnegie is quoted for having said, “No man will make a great leader who wants to do it all himself or get all the credit for doing it.”
Today, as the world is witnessing a “fourth industrial revolution,” manufacturing has evolved to where many companies are outsourcing operational activities instead of going it alone. For instance, as the beverage industry is rapidly growing, introducing many new products and technologies, experts note that more beverage manufacturers prefer contracting or co-packing over in-house bottling and filling activities.