Contract manufacturing is the outsourcing of part of the manufacturing process of a product to a third-party. More specifically, contract manufacturing is an outsourcing of certain production activities that were previously performed by the manufacturer to a third-party. A company may outsource the manufacture of certain components for the product or outsource the assembly of the product. Nowadays, outsourcing companies have become specialists in a multitude of services for manufacturers including design, production, assembly, and distribution.

The hiring firm usually provides a design or formula to the contract manufacturer to replicate or improve.

The hiring company takes care of all marketing and selling of the product unless other arrangements have been made.

A company can contract out the manufacturing of specialty cleaning products, for example, to a local or overseas manufacturer. This frees up the company to focus on what it's good at, which is typically marketing and selling the products.

Companies often choose contract manufacturing for a few primary reasons, all of which make it easier, less expensive and more efficient to bring new products to the market and distribute them broadly.

Contract Manufacturing sectors:

• ManufacturingPackaging
• Research
• Business/Project Management

Last year`s exhibitors from this sector: 5%