Manufacturing is a skill-intensive and knowledge-intensive sector that requires extensive capital, global understanding and strong cost controls.
The globalization developments such as the emergence of new and low cost competitors, the rapid pace of technological change, access to capital and skills shortages are placing enormous pressures on the sector.
In recent years, manufacturers have developed their position to cope with the threats from low cost emerging countries and manufacturers now aspire to provide excellent service supported by extensive research ,development and innovation. Manufacturers have increasingly used the low cost emerging economies as part of their business strategy and many are now developing active positions in these new world markets.
That’s why you need to right information to hand to help you make the right decisions.