After the manufacturing industry took a hit during the recession, a great deal of workers found their jobs being handed to off-shore businesses. The tides, though, are definitely turning, bringing a growing number of engineering manufacturing companies back home to American soil. Why the sudden turn around? And what is the outlook for the future of the engineering and manufacturing industry in the U.S? Here's a closer look at the facts.
The Evolution of Technology is Creating New Opportunities
The high-tech sector is generating a lot of buzz these days, as it is significantly contributing to the comeback of American engineering manufacturing companies. The first smartphone assembled in the United States is to be rolled out by Motorola Mobility, and will create work for some 2,000 employees in the design, engineering, and manufacturing business. At the same time, Apple, Inc. is moving forward with plans to invest $100 million in order to develop a Mac product line that will be assembled in the U.S., and with components and equipment that are also built in the U.S. And this is just the tip of the iceberg.
In fact, according to Stephen Gold, president of the Manufacturer's Alliance for Productivity and Innovation, engineering manufacturing companies are 75% recovered from the recession. It is estimated that by the end of 2014, the sector will return to pre-recession levels, which means that those in the manufacturing industry can expect a lot of new work to be coming their way.
Even though changing technologies make a significant difference in the way that engineering manufacturing companies carry out certain tasks, these innovations can also yield further work opportunities for those in the industry. Automation and technology make it easier for manufacturing companies to meet consumer demands, develop better products, and be more profitable than ever before.
Preparing for the Road Ahead
Although the comeback of engineering manufacturing companies in America is certainly good news, it can also be somewhat overwhelming for "underdog" businesses. Small to mid-sized electronics companies may have the will to cater to their customer's needs and develop all of their own products, but unfortunately, this is not always possible. Without the right technologies, equipment, and machinery on hand, these companies may find themselves struggling to keep up with orders, or to create boards that are up to industry standards.
Because of this, it's important for smaller businesses to begin giving thought to how they will accept the many opportunities ahead and thrive - without sacrificing quality or struggling to meet customer deadlines. Often, the best way to do this is by contracting with third party engineering manufacturing companies.
Professional engineering manufacturing companies have the ability the assist smaller electronics businesses with their orders - from start to finish. By partnering up with a skilled design and engineering team, you can rest assured that your specs will be as clean and efficient as possible, so that your products don't come back with flaws, or operate less effectively than you had hoped. You can also take advantage of your partner company's manufacturing capabilities and equipment. This allows you to enjoy the most advanced machinery and technologies without having to purchase or maintain it within your own facility, cutting your costs and increasing profit margins.
You will also find that American based engineering manufacturing companies are always up to par in terms of complying with the latest industry standards for safety and quality. Off-shore contract manufacturers are on the decline, as bootlegged components and equipment are not uncommon, and American regulations are often not adhered to. Sticking with an experienced American contractor will guarantee quality parts and quality products. Through partnerships with the best suppliers, skilled laborers, careful testing procedures, and a passion for excellence, contract engineering manufacturing companies are sure to revolutionize the electronics industry in the United States.
How is your business making preparations for the influx of business in the electronics design and manufacturing sector?