Global manufacturers have picked China and the U.S. as top sourcing locations, according to a survey released by the global accounting firm KPMG in May.
China is, on average, is the second most popular sourcing destination after the home country among survey respondents from the five major manufacturing markets — China, the United States, Japan, Germany and United Kingdom.
However, the report shows that many will keep sourcing closer to their major markets over the next two years. Nearly 90 percent of U.S. respondents will increase sourcing in the U.S., followed by Canada, 18 percent; and China, tied with the U.K. at 13 percent.
The 335 respondents surveyed by KPMG were senior executives from five industries, including aerospace and defense, automotive, conglomerates, engieering and industrial products, and metals.