November 8, 2007 - Centric Software announced that 92 percent of companies source private label goods from U.S. manufacturers, according to the results of a global sourcing survey.
The survey found that 65 percent of retailers and wholesalers source more than 50 percent of private label goods from the U.S., with China as the next most commonly used region, followed by Southeast Asia and Mexico.
Survey results also indicate that product sourcing is widespread, with 76 percent of companies currently sourcing goods and another 19 percent considering it for the future. Trends indicate that companies will offer more private label goods in the future. According to the survey, an average of 30 percent of goods are private labeled today and respondents anticipate private labeling to reach about 42 percent of their product mix by 2010.
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