Contract manufacturing companies are enjoying a period of high growth by dropping barriers to new product development. No longer is invention and innovation the exclusive purview of massively funded research and development arms of big conglomerates. Today, even sole proprietors can work with manufacturers to bring their products to the mass market.
One of the significant advantages of contract manufacturing outsourcing is that it allows creators to do more with less. They take advantage of the expertise, resources, and workforce of this $2 trillion industry and compete alongside market leaders. With so many companies offering services, new creators may find themselves confused on which way to go. Understanding the industry, what’s available, and how to vet contract manufacturing companies goes a long way towards setting a project up for success.