Technology companies look to improve efficiencies

Atlanta—As the economy begins to recover, U.S. tech companies say they will focus on improving efficiencies, according to a study by IDC Manufacturing Insights, sponsored by UPS.

According to the study, the top business priorities for high-tech companies over the next 18 months are operating more efficiently (66%) and improving margins (60%).

The study, “The Change in the Supply Chain,” was based on an online survey of 125 senior executives at high-tech companies conducted in August and September.

It also found that over the next 18 months, 46% of companies plan to invest in new product development to keep up with customer demand.

High-tech companies expect demand for their products over the next three to five years to be driven primarily by customers in North America (86%), Asia Pacific (71%) and Europe (61%).