Types of Global Manufacturing Services Global manufacturing services industry has been in a constant flux. There have been numerous trends that affected the market. The latest alterations that has taken places, due to the logistics network and supply chain tracking systems effectively support distant production sites that provide less labor expenses. Conventionally, it was observed that manufacturing engineering products with increased labor content have always resorted to global production centers for availing the lesser possible labor expenses, wages and other advantages. Global manufacturing in United States faced competition from other countries with a practical business operations platform and an infrastructure that enables the manufacturing of labor-intensive engineering products. In the recent times, there has been an increase in the global manufacturing services companies. At the same time, many services are being outsourced for reasons other than lowering the production and operation costs. These manufacturing service providers excel in various domains such as sheet metal fabrication, precision manufacturing, fixtures and gauges, special processing, design and development and many others. These are engineering consultancy services that use excellent manufacturing methods and have a robust technical team and state-of-theart technologies. They offer their clients and customers end-to-end engineering solutions increasing the value and reducing the cost. Global manufacturing services mainly cater to three verticals, namely aerospace, automotive and industrial engineering peripherals and products. Let us have a look at each of them. Aerospace Manufacturing Aerospace product and part manufacturing deals in providing potential customers with stable aerospace machinery parts and products. The manufacturing department is equipped with new age machinery that produces long lasting and efficient aero structure components and aero engines that gives good quality service to the aerospace sector. These machine parts are mostly made in aluminum and steel and undergo various levels of inspection before being released in the market. Automotive Manufacturing Global engineering services deals in automotive manufacturing where complete machine components, sub-system engine, kits, braking systems are manufactured from bar stocks, forgings and castings. Companies dealing in automotive manufacturing generally deal in three segments that arePrecision machined components Structural components Precision turned components Finally, we have companies dedicated to industrial products manufacturing, dealing in sourcing power generation, forgings, large castings devices such as steam and gas turbines, hydro aimed at the process industry. Simultaneously, it also provides materials such as grey cast, high alloy steels, and zinc and aluminum alloy castings. Furthermore, they also concentrate on precision machining of instrumentation machinery components and gravity die-castings and pressure die-castings. These are some of the verticals of the global manufacturing services companies that are coming up with other innovative services in the forthcoming days.
Global manufacturing services industry has been in a constant flux. There have been numerous trends that affected the market.