Outsourcing Manufacturing is Growing

Filed in archive Outsourcing News on September 25, 2007

Despite reports showing that outsourcing manufacturing is declining due to the quality issue today, experts during the National Manufacturing Week said that this industry is growing.

Here is an excerpt from the related article:
The U.S. Commerce Department statistics showing that import of assemblies to the United States vastly outnumbers exports, especially in printed circuit boards and motor vehicle electronics. Ninety-eight percent of circuit boards in the U.S., for example, were imported in May 2007, representing a trade imbalance of about $1.62 billion. Similarly, 79 percent of electrical and electronic vehicle assemblies were imported in May, representing a trade imbalance of about $650 million.

Maybe companies are unaffected about the issue and I bet that we could expect more from this industry in the years to come.