Posted by Linda H on 1:18:00 PM
WASHINGTON (Reuters) - Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday.
The chase for lower-paid workers drove the migration, which resulted in employment in the U.S. manufacturing sector falling by 40 percent from its 1980 peak. But big companies including Boeing Co and General Electric Co are now finding that the benefit of lower wages can be offset by higher logistics and materials costs.
"We, lemming-like, over the last 15 years extended our supply chains a little too far globally in the name of low cost," said Jim McNerney, chief executive of world No. 2 planemaker Boeing. "We lost control in some cases over quality and service when we did that, we underestimated in some cases the value of our workers back here."
Posted by Linda H on 6:30:00 AM
Posted by Linda H on 6:30:00 AM
President
Barack Obama promised to boost support for U.S. manufacturers such as
Boeing Co. (BA) that face subsidized foreign competition as part of his drive to increase exports.
Expanding on proposals he outlined in his State of the Union address last month, Obama announced plans for Export- Import Bank financing for U.S. companies for domestic as well as overseas sales to match foreign competitors’ sources of official funding.
Posted by Linda H on 6:30:00 AM
Posted by Linda H on 6:30:00 AM
Barack Hussein Obama--POTUS to you and me--is the man in control of what's arguably the world's only current superpower. At 50, he's looking for a second go at the country's top job. In order to get there Obama's relying, in part, on his Net-savvy staffers to whip up a storm of interest on Twitter, Facebook, YouTube, and
even Instagram. Obama's campaign proved successful last time around, running on a pro-tech ticket. Let's look at what a second term would mean for innovation--and for us.
Posted by Linda H on 6:05:00 AM
Apple Needs to Make it in America
