
Contract manufacturing has long been a reality of global business. However, as global businesses face increased pressure from competitors, regulatory agencies, and resource scarcity; a whole new variety of sourcing relationships are emerging to help reduce costs, increase productivity and spur new creative approaches to product development, manufacturing and distribution.
For instance, Information Technology Outsourcing (ITO) and Business Process Outsourcing (BPO) opportunities are now emerging to streamline the value chain in all areas of the manufacturing process:
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