Brand owners and large manufacturing companies are increasingly turning to CP/CM partners.
PMMI
The outlook is bright for contract packaging and manufacturing services providers and their customers, according to "Contract Packaging & Manufacturing: Drivers of Machinery Investments," a report published today by PMMI.
Findings that point to strong growth prospects on the brand side: 67% of brand owners plan to maintain or increase their reliance on outsourced services. In addition, three-quarters of contract packaging/manufacturing (CP/CM) companies anticipate significant business expansion over the next three years.
