New orders, new clients: business looking up for contract manufacturers
This content item was originally published on www.cosmeticsdesign.com, a William Reed online publication.
As consumers feel the pinch of a global recession they often look to private label goods as a way to save a few pennies. Couple this with the lower overheads and financial outlay offered by contract manufacturers and the sector seems to have a winning formula to survive difficult economic times.
However, contract manufacturers have not remained immune from the downturn and inventory reductions from big customers have taken their toll on figures for many companies.
Nevertheless, things seem to be looking up with existing customers placing new orders and new clients on the horizon.
