Private Equity News UK Why Everybody Wants The Cambridge Satchel Company to Succeed
The Cambridge Satchel Company is a British leather goods brand that is known for its iconic satchel bags and was founded in 2008 by Julie Deane, who wanted to create a stylish and affordable bag that would be made in the UK.
Incrediably, The Cambridge Satchel Company’s bags are all handmade by skilled craftsmen and women at the company’s workshop in Somerset, England.
Yes, made in Great Britain….
The home grown and artisan process of making a Cambridge Satchel begins with the selection of the leather whereby the company uses only the finest full-grain leather, which is sourced from tanneries in Italy and Spain.
So not perfect there and why British leather is not used is for another article, I guess….
But once the leather has been selected, it is cut and sewn by hand with each bag passes through the hands of six different craftsmen and women during the manufacturing process and this – the company argues – ensures that each bag is made to the highest standards of quality.
And this approach is now called Onshoring which both encourages jobs growth and is associated with a higher quality of production either deliberately or through avoiding the gradual decline in quality when manufacturing occurs a long way from home.
Onshoring is the process of relocating business processes or operations back to the home country. It is the opposite of offshoring, which is the practice of moving business processes or operations to another country.
And that’s why for Onshoring to become a bigger thing, we really need the Cambridge Satchel Company to prosper….
Why On-shore?
There are many reasons why companies might choose to onshore their operations. Some of the most common reasons include:
- To improve quality control. When operations are onshored, companies have more control over the quality of the products or services they produce. This is because they can work directly with suppliers and employees, and they can be more involved in the manufacturing process.
- To reduce risk. Onshoring can help companies reduce risk by reducing their reliance on foreign suppliers and markets. This can be important for companies that are concerned about political instability, economic volatility, or natural disasters in other countries.
- To improve customer service. Onshoring can help companies improve customer service by reducing the distance between them and their customers. This can make it easier for companies to respond to customer inquiries and complaints, and it can also help them to better understand the needs of their customers.
There are also some challenges associated with onshoring. These challenges include:
- Increased costs. Onshoring can sometimes lead to increased costs, as companies may have to pay higher wages and benefits to employees in their home country.
- Lack of skilled workers. In some cases, companies may have difficulty finding skilled workers in their home country. This can be a challenge for companies that require specialized skills or knowledge.
- Resistance from employees. Employees who are used to working overseas may be resistant to the idea of onshoring. This can lead to morale problems and productivity losses.
Overall, onshoring is a strategic decision that should be made on a case-by-case basis. Companies should carefully consider the costs and benefits of onshoring before making a decision.
Here are some examples of big name companies that have onshored their operations:
- Apple: In 2011, Apple announced that it would be onshoring some of its manufacturing operations from China to the United States. This was a move that was met with some controversy, but Apple argued that it was necessary to improve quality control and reduce risk.
- Nike: In 2012, Nike announced that it would be onshoring some of its footwear manufacturing operations from China to Vietnam. This was a move that was made in response to rising wages in China and concerns about labor conditions in the country.
- Walmart: In 2013, Walmart announced that it would be onshoring some of its food processing operations from China to the United States. This was a move that was made in response to concerns about food safety in China.
These are just a few examples of companies that have onshored their operations. As the global economy continues to change, it is likely that we will see more companies making the decision to onshore their operations.
So in summary, on-shoring and Cambridge Satchel Company’s commitment to handmade craftsmanship is one of the things that sets the company apart from its competitors and this may be why Cambridge Satchel Company bags have become so popular with customers all over the world.
So if you are looking for a stylish, durable, and unique bag, then a handcrafted Cambridge Satchel is not just a great option, you’re supporting an ethos, a way of life, a future industrial uptopia.,,,
OK, we’ve gone too far there but you get the point and we hope with this article at least one more person out there wants The Cambridge Satchel Company to survive and prosper….
