This new offering from Fictiv provides customers unprecedented global supply chain flexibility and enables companies to increase their supply chain stability, lower tooling costs, reduce tariffs and shipping costs, and increase supply chain speed.

Hoffer Plastics, a provider of custom injection moulding solutions, board of directors has promoted Gretchen Hoffer Farb, Charlotte Hoffer Canning and Alex Hoffer to Co-CEO’s following their sharing of the company’s leadership after taking the helm in January 2020.

The three siblings were tested immediately, working together to steer the company through the COVID-19 pandemic, supply chain disruptions and other unprecedented challenges. Three years later, with Hoffer Plastics stronger than ever, the move to three Co-CEOs reinforces the strengths of this sibling triumvirate.

The three Co-CEOs (affectionately referred to within the company as G3) have backgrounds that collectively position the company’s leadership to sustain the company’s 70-year success, driving new growth and value:

Fictiv, a global manufacturing company, today announced the release of its ninth-annual State of Manufacturing Report—an industry-leading survey of...

“Gretchen, Charlotte and Alex each bring distinct passions, perspectives and expertise to the table. But they have one crucial thing in common, and that’s a commitment to carrying on the Hoffer family legacy,” said William Hoffer, chairman of the Board.

This solution comes at a time when manufacturing companies are facing intense pressure to reduce costs and expand margins while simultaneously addressing global supply chain risks. According to research, 51% of manufacturing leaders reported in 2023 a desire to increase nearshoring as part of their global supply chain strategy.

This solution comes at a time when manufacturing companies are facing intense pressure to reduce costs and expand margins while simultaneously addressing global supply chain risks. According to research, 51% of manufacturing leaders reported in 2023 a desire to increase nearshoring as part of their global supply chain strategy.

“I’m proud of their collaborative spirit, relentless focus on delivering innovative solutions for our customers and, most importantly, the way they embody our core values and support each other every day,” William Hoffer continued. “I’m confident that the future of the company is secure under their shared leadership and am excited to see where they lead our company next.”

The trio credit a steadfast commitment to the same values as one of the key reasons G3’s shared leadership works so well. The core values of family, integrity, service, and trust have been the hallmarks of Hoffer Plastics since their grandfather, Robert Hoffer, founded the company in 1953. These values keep them aligned on crucial companywide decisions and customer commitments, while their individual domain expertise adds valuable perspective.

OEMs can now source economical steel tools manufactured overseas and shipped to Mexico for reliable, nearshore production—seamlessly through Fictiv's global manufacturing network.

"We are seeing strong demand for shorter supply chains that mitigate the risk of disruption for critical production programs," said Ernesto Chacon, General Manager of Fictiv Mexico. "Mexico is a growing powerhouse for production manufacturing, and we're proud to provide our customers with unprecedented access to high-quality supply in new and emerging regions."

G3 initially took on leadership roles in January 2020 when William Hoffer, then the second-generation CEO, shifted roles to become board chairman. At that time, Gretchen became chief financial officer, Charlotte took the role of chief culture officer and Alex stepped up to chief revenue officer.

Fictiv is a global manufacturing company that simplifies sourcing for custom manufacturing, from prototype to low-volume production. Through its highly-vetted manufacturing network, AI-powered technology platform, and global operations centers across the USA, Mexico, India, and China, Fictiv delivers fast, high-quality custom manufacturing services from quote to delivery. Fictiv's capabilities span the full mechanical bill of materials, including Injection Molding, Compression Molding, 3D Printing, CNC Machining, Die Casting, and Sheet Metal. To date, Fictiv has delivered more than 30 million commercial and prototype parts for early-stage companies and large enterprises alike, helping them innovate faster, free up precious resources, and drive profitable growth.

Fictiv, a global manufacturing company, is proud to announce that it has been named a 2024 Great Supply Chain Partner by SupplyChainBrain. This...

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Fictiv, a global manufacturing company, today announced a new hybrid injection molding solution for original equipment manufacturers (OEMs) who need the best possible tooling craftsmanship for reliable nearshore production. Through Fictiv's global manufacturing network, OEMs can seamlessly order high-quality, production-grade tools manufactured in China in as fast as 4 weeks and then transferred to Mexico. This service provides the best total cost of ownership for molding in Mexico, including expert tool packaging and transfer to Mexico from China, bringing together the best of all worlds.

Setting up supply chains in new global regions is typically a very time and cash-intensive investment for manufacturing companies that can be prohibitive. Through its global network of highly-vetted manufacturing partners, digital quote-to-order platform, and regional teams around the world, Fictiv simplifies the process of setting up new supply chains, providing a faster, more economical path to market for manufacturing companies of all sizes.