We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » U.S. goal of doubling exports by 2015 now likely, survey of high-tech firms says
newsworthy

U.S. goal of doubling exports by 2015 now likely, survey of high-tech firms says

October 2, 2012
Mark B. Solomon
No Comments

A survey of U.S. high-tech manufacturers said it is likely the United States will meet a goal set by President Obama two years ago to double export values by 2015. This finding from UPS Inc.'s annual "Change in the (Supply) Chain" survey conducted by IDC Manufacturing Insights is a far cry from a similar survey conducted in 2010 when less than half of that survey's respondents said the objective was achievable.

According to the survey of 125 senior-level supply chain executives, 85 percent of respondents believe it is "very likely" or "somewhat likely" that the U.S. will hit the export objective set by President Obama in his 2010 State of the Union address. By contrast, only 40 percent of respondents responding to a 2010 survey thought that way.

One-third of respondents said the goal would be met because of an increase in disposable income in emerging markets. Another one-third said that exports are up because increasing labor rates in traditionally low-cost manufacturing centers has narrowed the cost gap between these countries and the United States. Finally, one in five cited recently signed free-trade agreements with South Korea, Panama, and Colombia.

The respondents said they expect demand for U.S. high-tech goods to be strong for the next five years. Although North America is expected to remain the largest high-tech consumer market over the next three to five years, demand for goods is expected to decrease by 7 percent in the region, according to the survey. However, demand in other markets is expected to increase, in some regions by double-digit percentages, according to the survey.

Executives forecast their companies will increase sales and fulfillment activities in India, the Middle East, and Africa by 22 percent each, and in Brazil by 18 percent. Sales and fulfillment in other South American regions is expected to increase by 19 percent, the survey said.

"Global demand will continue to grow in new and existing markets, causing supply chain executives to shift not only their fulfillment operations but also their sourcing strategies to serve those markets," said Ken Rankin, high-tech marketing director, UPS, in a statement. "We have already begun to see such a shift as companies look to India and Brazil as key markets not only for fulfillment but for production as well."

The 2012 survey was conducted from May to July. The respondents to the 2012 survey were different than participants in the 2010 version.

Transportation Regulation/Government Global Logistics
KEYWORDS IDC UPS
    • Related Articles

      Survey: Tech execs say U.S. unlikely to achieve export goals

      Brexit to boost U.S. exports to Asia, depress activity to Britain and Europe, economist says

      IATA cargo chief sets goal of cutting two days from transit times by 2020

    Marksolomon
    Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.

    Recent Articles by Mark Solomon

    Coming together for road safety: interview with Joshua Girard

    Off the rails

    Freight rate spikes shaking up the C-suite

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • C&S Wholesale Grocers expands into retail with $1.9 billion purchase of 413 stores and 8 DCs

    • Boston Dynamics will deploy fleet of robots in German e-tailer’s DCs

    • TradeBeyond Acquires Pivot88

    • InPerson interview: Geoff Muessig of Pitt Ohio

    • Warehouse yards to go digital

    Now Playing on DCV-TV

    20230915 dcv tv cb18 animation 1280x720px

    Optimize Pallet Handling with Versatile, Adaptable Forklifts

    DCV-TV 4: Viewer Contributed
    Bastian Solutions’ CB18 AGF is designed to efficiently transport heavy materials in a variety of shapes and sizes across manufacturing and distribution facilities. With unique features not found in other AGFs, this counterbalanced forklift improves product and employee safety, utilization of facility space and...

    FEATURED WHITE PAPERS

    • Rodent Radar: A Guide To Help Protect Your Business From Rodents

    • The Value of Genuine Parts and Service

    • Five questions to ask before electrifying your indoor forklift fleet

    • Unlock Success with Our Freight Tech Checklist!

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing