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Economic uncertainty ''affecting global electronic contract market''

30 January 2012
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Economic uncertainty ''affecting global electronic contract market''Businesses in the electronics contract manufacturing industry may want to employ operations management strategies to enhance the efficiency of their operations.

This is because new data from IHS iSuppli revealed total revenue is expected to decline in the sector from $360 billion in 2011 to $357 billion this year, representing a decline of just below one per cent after 4.7 per cent expansion last year.

According to the report, both the original development manufacturing and electronic manufacturing services segments are expected to struggle in 2012, as the impact of the continuing financial uncertainty in the eurozone.

"On a positive note, the continuing popularity among consumers of devices like smartphones and tablets means contract manufacturing in these areas can be expected to help compensate for slow growth elsewhere in the industry," the organisation concluded.

The IHS iSuppli figures come after the Confederation of British Industry (CBI) warned that UK manufacturers experienced a decline in sentiment during the past quarter.

Stagnant output over the period affected confidence in the sector, the CBI reported, although there were predictions of slight growth in exports and new orders over the next three months.ADNFCR-3058-ID-801278206-ADNFCR
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