Niche manufacturing is expanding, helping U.S. economy
Posted by Anonymous on 04/21/2011
According to Industry Week, niche manufacturing “has the tailwinds necessary to create meaningful expansion in the economy.” They report that growth in this sector is due to several factors, including:
The increased importance of proximity to manufacturing facilities to the costumer, increased risks and expense within a globally oriented supply chain, the narrowing of the labor-related cost benefits of locating in East Asia compared with Western developed economies.
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