Twelve industry trends in Hardware Manufacturing: Part 1

Industry Trend 1: Exports and Global Trade

The gap between global and domestic firms has been widening, with global firms increasing average revenues by 13% over the past five years, according to 2012 data. In one survey, 60% of the companies that increased their presence said their companies were thriving and growing.

As a means of identifying new customers and competition, increased mobilisation enables US companies to enter new markets and increase sales. This opportunity has opened up because of the competitiveness of the US in terms of operating costs, productivity and business conditions compared with other advanced economies around the world. In addition, the gap in operating cost competitiveness between the US and developing economies is narrowing.

U.S. exports of manufactured goods abroad have also increased, thanks to new technologies and trade agreements. This globalization provided a customer base that U.S. manufacturers had previously been unable to reach. With trade rebalancing and supportive government policies, U.S. manufacturing should continue to experience vigorous growth and diversification of its customer base.

Pride is deeply engaged in hardware manufacturing industry. Every month we have a large number of hardware parts, fasteners, pipe products, telescopic products exported to all parts of the world.

In Europe and the United States, Japan and South Korea, the Middle East, Southeast Asia are widely praised.

Please contact us at zhang@pride-cnc.com