Featured Product
This Week in Quality Digest Live
Quality Insider Features
Kurt Kleiner
Bend it. Stretch it. Use it to conduct electricity.
Merilee Kern
Radicle Science brings AI-driven clinical trials to cannabinoid and wellness research
Ann Brady
Cyberattacks are costly and disruptive, but an arsenal of standards helps companies stay ahead of the game
Duxin Sun
Working at such small scale becomes the next big thing
Ben P. Stein
From the noggin to the butt

More Features

Quality Insider News
Covid-19 has taken a toll but also stimulated positive change
PRI will also provide two additional related certification services: ISO 27017 and ISO 27018
Simplified process focuses on the fundamentals every new ERP user needs
An early warning system lets Arctic people know when bears approach
Reflects company’s innovation and enthusiasm for solving customer challenges
Industrial Scan&Sand solution wins RBR50 Innovation Award
Reduces the time it takes to complete an XRF measurement
Hexagon’s calibration service meets advanced manufacturing needs in Canada

More News

Quality Digest

Quality Insider

Georgia’s Manufacturing Losing Money Overseas

Published: Monday, March 1, 2004 - 23:00

According to a study of Georgia’s manufacturing climate, the state’s manufacturing companies are optimistic about the economic recovery and are planning more hiring and expansion in the next three years. However, the same survey revealed that 20 percent of Georgia’s manufacturers have lost sales in excess of $1 million to offshore competitors in the past five years.

The September 2003 survey, conducted by Atlanta accounting and advisory firm Habif, Arogeti, and Wynne, in cooperation with Georgia State University, the McCart Group and the Georgia Industry Association, concluded that companies that are more fully exposed to international markets earn significantly higher profits than companies without such connections.

Sixty-two percent of Georgia’s most profitable manufacturers reported losing sales to offshore competitors in the last five years. The study also found that manufacturers that sell more products outside the United States experience higher profit rates.

"Overall, the survey showed that now that the recovery is in full swing, our manufacturers are cautiously optimistic about its strength," says Jeff McCart, vice president of The McCart Group. "The lack of strategic plans, crisis planning, insurance programs and organized training programs among some of our smaller manufacturers should concern our state leaders, but overall, the industry seems to have weathered the economic recession."

To download a PDF of the report, visit www.hawcpa.com.

Discuss

About The Author

Quality Digest’s picture

Quality Digest

For 40 years Quality Digest has been the go-to source for all things quality. Our newsletter, Quality Digest, shares expert commentary and relevant industry resources to assist our readers in their quest for continuous improvement. Our website includes every column and article from the newsletter since May 2009 as well as back issues of Quality Digest magazine to August 1995. We are committed to promoting a view wherein quality is not a niche, but an integral part of every phase of manufacturing and services.