Globalization has made it possible for many firms to manufacture goods at one site, and through the E-Commerce platform, ship it to any location globally. Consumers of today are awash with an ever increasing variety of goods to choose from. Be it Bluetooth speakers or an infra-red thermometer, to the latest toy accessory, consumers are willing to pay for these lifestyle gadgets. But it is not just consumers only that are spoilt for choice, manufacturers are increasing finding newer ways to package their goods, or add information or even increase the shelf life of a food product through processing innovation.
These developments have left Equipment Manufacturers busy with new designs and large orders. In addition, with much equipment now modular in nature, manufacturing firms are not forced to pay through their noses to get equipment upgrades; this has in turn resulted in more orders for Equipment Manufactures. To keep their hands less full, Equipment Manufacturers are in turn partnering with Wholesalers and Dedicated Suppliers to ensure that the pipeline is full of their new and innovative offering. This has given way to a very robust and dynamic Equipment Supplies, Wholesalers and Manufacturers subsector that is pushing the innovation in the field daily. Though they may be appear to be low key, the numbers are not small. In the last few years, this sector has crossed well into the Trillion dollar threshold, and it is not stopping.
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