JOC Staff | Oct 02, 2012 8:53AM EDT
U.S. high-tech executives’ confidence in the future of the nation’s exports has grown significantly over the past two years, due to increases in disposable income in emerging markets, legislative changes (particularly free trade agreements in Asia) and rising labor rates abroad, according to UPS’s annual “Change in the (Supply) Chain” survey, which was conducted earlier this year.
Eighty-five percent believe the Obama administration’s National Export Initiative goal to double exports by 2014 is “very likely” or “somewhat likely,” as opposed to just 40 percent who believed the same after the goal was set two years ago, and 74 percent expect growth in their own company's exports in the next two years.
