The UK's TechEye.net is on board with a prediction that electronics contract manufacturers such as Foxconn "are in for a tough year, with revenues decreasing due to global economic uncertainty and increasing wage demands." The main reason for this? Lingering problems and lack of solutions to the problem of the eurozone financial crisis, and the growth-halting effect it has had on already tenous global economic stability. And, according to IHS analysts cited by TechEye, there's not much that can be done by contract manufacturers to forestall the negative outcome, other than to hope that price increases, and gains in Asia, can continue to help keep profits up through the looming lean period.
Link: Electronic contract manufacturer revenues decline in 2012 (news.techeye.net)
Blanket predictions such as TechEye.net's can be misleading at best, cause panic at worse. There are a number of signs of economic recovery in 2012, and of course the health of any enterprise will be on an industry-by-industry, company-by-company basis.
ReplyDeleteHere's to a robust 2012! Cheers
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