Buy American & the Onshoring Trend
#1
Buy American & the Onshoring Trend
Looks like there's hope for "Buy American" after all.....
"Caterpillar Inc. is considering relocating some heavy-equipment overseas production to a new U.S. plant, part of a growing movement among manufacturers to bring more operations back home -- a shift that will likely spark fierce competition among states for new manufacturing jobs.
The trend, known as onshoring or reshoring, is gaining momentum as a weak U.S. dollar makes it costlier to import products from overseas. Manufacturers are also counting on White House jobs incentives, as well as their ability to negotiate lower prices from U.S. suppliers who were hurt by the downturn and willing to bargain."
full article: http://finance.yahoo.com/career-work...eer-leadership
The grass isn't always greener overseas...........
"Caterpillar Inc. is considering relocating some heavy-equipment overseas production to a new U.S. plant, part of a growing movement among manufacturers to bring more operations back home -- a shift that will likely spark fierce competition among states for new manufacturing jobs.
The trend, known as onshoring or reshoring, is gaining momentum as a weak U.S. dollar makes it costlier to import products from overseas. Manufacturers are also counting on White House jobs incentives, as well as their ability to negotiate lower prices from U.S. suppliers who were hurt by the downturn and willing to bargain."
full article: http://finance.yahoo.com/career-work...eer-leadership
The grass isn't always greener overseas...........
#4
With Toyota's reputation for quality taking a hit, folks may start to realize that Made in the USA still means something....
#5
Yeah, read where Indian companies are looking for American workers. It's a sign of the times. We are the new third world country. Somehow I enjoyed the golden age better--even with all the complainers.
#7
Join Date: Oct 2007
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#8
The majority of the Toyota's driven in the states are made in the States...