U.S. IMPORTERS MOVE MANUFACTURING OUTSIDE OF CHINA
Capital Business Credit recently asked its clients, manufacturers and importers of retail merchandise, if they were changing their manufacturing strategy given global economic pressures, the rising cost of raw materials and the increased cost of fuel and shipping. The results indicate that there is a shift occurring in terms of where importers are producing some of their goods for U.S. retail consumption. Respondents indicated:
- 50 percent of U.S.-based importers have moved some of their manufacturing outside of China
- 34.2 percent are considering moving some manufacturing outside of China in 2012
- Countries where manufacturing is moving to include: Vietnam (33.3 percent); the U.S. (27.8 percent), Pakistan (22.2 percent) and Bangladesh (16.7 percent)
Click here to read the full results from CBC's survey
and click here to read Women's Wear Daily's take on the results
. If you have any questions please reach out to me directly or to a CBC account manager.