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Post by Noel Chan on Jul 4, 2014 3:20:04 GMT -6
Technology is constantly reshaping the business strategies of the global marketplace and thus affecting the decision-making process, be it in manufacturing, procurement, management or marketing. As a result, the competition in various industries is increasing, whilst companies are forced to think of innovative ways to keep up with latest trends, utilize the available resources, and find the lowest costs in manufacturing their products. This effort has resulted in the historic emergence of global sourcing, which is now practiced by international companies in order to enhance their competitive advantage and provide high-quality products and services to their target markets. Three main areas can be included in sourcing: manufacturing, telephone call centers, and international sourcing of skilled services. For retail companies, the goal is to find low-cost suppliers and manufacturers to be part of the supply chain. China, a frontrunner with some of the lowest labor costs in manufacturing and lowest prices of wholesale goods, is an example of a go-to country for US companies. Read more at Tradegood Viewpoint
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Post by unlawflcombatnt on Jul 4, 2014 12:50:41 GMT -6
The site should be called "TradeBad".
Historically, American market goods were made predominantly in the United States, and American workers were paid well enough to purchase them.
Now labor employment has been shifted overseas, leaving American workers either unemployed or underemployed, and without the wages needed to continue supplying buying power and demand for production of goods.
This is an absolute dead end street, with American-owned, foreign-located producers allocating the bulk of the labor cost savings into profits, while allocating only minuscule amounts of that savings in to price reductions.
American consumer-workers have only been able to sustain purchasing power & production demand through increased borrowing--not wages. But that debt-fueled purchasing power is now maxed out, or very close to it.
In the end there will be a collapse of production demand, as the current borrowing bubble cannot be sustained indefinitely.
We need to impose high enough TARIFFS to offset the reduced labor cost of producing goods abroad, lest we completely lose our ability to produce and purchase manufactured goods.
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