Small manufacturers can successfully go global, by focusing on three key opportunities: sales, production, and procurement. Yet only 46% even have a global strategy. The key to global growth is getting started…so what are you waiting for?
Most manufaturers recognize the importance of global awareness for their businesses. Yet less than half are actively participating in international business: Only 46% of U.S. manufacturers operate or partner in one or more production facilities outside the United States, and just 47% have one or more sales and/or distribution facilities outside the United States. Other firms have more aggressive global plans: 9% of manufacturers have production facilities in more than 10 countries, and 12% of manufacturers have sales and/or distribution facilities in 10 or more countries.[1] Unfortunately, Next Generation Manufacturing research finds that a majority of manufacturers don’t measure [...]
