From large original equipment manufacturers (OEM) to lean startups, manufacturing organizations of all sizes and types stand to benefit from contract manufacturing services today. Contract manufacturing services companies free up the resources of manufacturers, enabling them to leverage their strengths in research, strategy, marketing, and other domains. Whether it is design-and-build or build-to-print manufacturing, contract manufacturing services companies provide a diverse range of turnkey services today that can modernize production. The expertise of contract manufacturing services companies in delivering assemblies or finished products further empowers OEMs in boosting their time-to-market, return on investment (ROI), and competitive edge.
Digitalization is now playing a pivotal role in enhancing this collaboration of OEMs and contract manufacturing services companies. For instance, digitalization is transforming the way products are designed and manufactured by popularizing the manufacturing-as-a-service model, where OEMs and manufacturing services companies can utilize a shared network of manufacturing infrastructure to produce goods. It is having a significant impact on bringing down the manufacturing costs even more and increasing the ROI of OEMs further.
On that front, contract manufacturing services companies continue to develop and expand their services to keep pace with the ever-evolving market. For instance, many contract manufacturers are now incorporating artificial intelligence (AI) and other cutting-edge technologies like 3D printing and the internet of things (IoT) with the intention of speeding up their overall production time.
At this juncture, there is a variety of contract manufacturing services companies available in the market that caters to the different production needs. To help OEMs choose the company that best fits their requirement, Manufacturing Outlook has compiled a list of the top 10 contract manufacturing services companies. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Manufacturing Outlook’s, “Top 10 Contract Manufacturing Services Companies – 2021.”