Manufacturing Industry
Injection molders' weapons: advanced technology or secure market niche.(Global Competition)(Company overview)
Plastics Technology, January, 2007 by Knights, Mikell
Growing competition from low-cost overseas producers has spurred U.S. injection molders to reconsider what market segments they serve and how. Domestic molders involved in consumer products, electronics, medical, and automotive applications are fighting the allure of lower labor costs abroad, which have captured the interest of their OEM customers. This labor-cost advantage abroad is a persistent threat despite foreign producers' disadvantages of longer time to market, higher transport and inventory costs, quality and regulatory-compliance concerns, and longer response times.
At present, foreign competition from regions of lower labor cost is most acute for molded parts of simple design, whether produced in low or high volume. Yet the impact of newly emerging...
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