Back to News Main

2011 Starts with Strong Demand for Contract Manufacturing

3/8/2011

This year is off to a great start at Plouse Precision Manufacturing with significant increases in orders for all of our client segments. There are numerous reasons for continued optimism as many indicators point to growth for most sectors of the manufacturing industry and general economy. Even so, adopting a new attitude can be tough when it feels safer to remain skeptical.

Here are a few reasons to have a new and positive outlook on manufacturing in 2011:

1. Expanding factory activity. January’s manufacturing activity accelerated at the fastest pace in almost seven years, thanks to new orders received by U.S. manufacturers. The Institute for Supply Management’s factory index jumped to 60.8, the highest level since May 2004.

2. Increased spending and investments. According to the U.S. Commerce Department, consumer spending continues to increase for autos, appliances and other goods. Increasing business investments in industrial machinery and computers also support trends of economic growth.

3. Rising overseas sales. American factories are reporting a rise in exports reaching the highest level since December 1988.

4. Extended tax breaks. Economists expect legislation responsible for cutting Social Security taxes to boost consumer spending. In addition, extended tax breaks for businesses purchasing new machinery and equipment will benefit manufacturing companies.

5. Growing confidence. Signs of an improving economy, such as expanding production and increased exports, continue to develop confidence and promote a positive outlook. Since manufacturing accounts for about 11 percent of the economy, hope generated by the industry is widespread.

Measuring Success

Our success is measured by our clients' success. As contract manufacturing professionals we are dedicated to delivering high-quality service, innovation and manufacturing excellence. So how do we ensure client success? Here are a few of the attributes that support our efforts:

• Industry leader in quality excellence, enabling our clients to achieve business advantage from our world-class capabilities and innovative services.
• Advanced problem-solving through identifying potential issues and solutions before manufacturing saves time and money. We work closely with clients across geographical and organizational boundaries, to share information and find new and innovative ways to ensure client success.
• Open communication both internally and with our customers and partners directly. We take the time to listen, understand and respond to our clients' questions and/or concerns.
• Single-source manufacturing from parts to sub-assemblies. Single-source manufacturing ensures the job is done right.
• Dependability. For more than 50 years, clients have trusted Plouse to be a significant partner in their overall success.