During a time of rapid change and development in our turbulent global economy, high tech executives all over the world are still showing signs of optimism. According to a recent UPS commissioned independent research study surveying over 500 executives in 11 different countries, nearly 75% of high tech executives expect high tech exports to grow at the same or a faster rate during the next two years. This annual independent research study took a closer look at change, growth, and how high tech specifically is adapting to meet global demand.
The study reveals that the biggest trends in manufacturing consist of a combination of off-shore, near-shore and right-shore practices, with right-shore practices rising. Global businesses in emerging markets have found that the number one barrier to expansion is the local regulations in different countries. The countries that have been adding the most production capacity are Japan, China, and India. The countries that high tech manufacturers see as the largest opportunity for growth are Brazil, India and Russia.
With an increase in overseas manufacturing comes more complex supply chains and an increase the need for risk management. While companies put energy into assessing overseas risk management, few companies are taking action.
To find out more information about the UPS commissioned study, be sure to watch the original video: http://youtu.be/FNoOdiD1Sag
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