Despite economic uncertainty at home and abroad, U.S. high-tech executives’ confidence in global trade and U.S. exports has grown significantly over the past two years, according a study commissioned by UPS Inc.
Citing legislative changes and rising labor rates overseas, 85% of executives believe the Obama administration’s National Export Initiative goal to double exports by 2014 is either “very likely” or “somewhat likely” to be achieved, compared with 40% who believed so just after the goal was set two years ago.
The findings come from UPS’ annual “Change in the (Supply) Chain” survey, conducted by IDC Manufacturing Insights. The study targeted senior-level supply chain decision makers in the U.S. high-tech/electronics industry.
And 81% of U.S. high-tech executives anticipate recent free trade agreements in Asia will increase their company’s imports and exports to and from the region.
UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.