Far East dissatisfaction opens up market for Cambridge company...
A precision engineering company in Cambridge which specialises in CNC machining is to attempt to capitalise on the growing dissatisfaction with sourcing from the Far East, it has emerged.
Shearline Precision Engineering (SPE) believes that the new economic outlook could provide an opening for British companies due to the need for quality to be high and costs to remain low, according to Works Management.
Technical and commercial director Charles Maltby cited wage rises and increased shipping costs as a major reason behind the narrowing of the price gap between overseas and domestic outsourcing.
He added that quality control issues are making many question the effectiveness of foreign imports.
Mr Maltby told the news resource: "Customers are also realising that the intangibles of reputation, trust and clear, credible communication are more important than ever as worries about the global situation bite."
SPE was established in 1973 and offers a "total manufacturing solution" to customers from around the world.
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