There may be some benefits to the weak U.S. dollar for U.S. manufacturers.
A Buyer MFGWatch survey conducted by MFG.com in May surveyed buyers to find out the impact of the dollar’s weakness in the global market on their decisions of where to source manufacturing. Of the more than 500 respondents, 47% said they were sourcing more business in the U.S. as a direct result of the decline in the greenback’s value.
That’s good news for U.S. manufacturers who have seen a modest rise in business from these decisions, according to the survey.
The impact may be best seen in the responses from international companies. Requests for quotes from international buyers for the five-month period of January through May nearly doubled compared to the same period in 2007. More than half of the Canadian respondents currently source to U.S. suppliers.
Read this MDM article on the Decline of the U.S. Dollar, from the Dec. 10, 2007, issue of MDM.
