Posts Tagged ‘cost-efficiency’

Bet You Didn’t Know: The U.S. Still Manufactures 40% More Stuff Than China

Friday, February 11th, 2011

“WASHINGTON — U.S. factories are closing. American manufacturing jobs are reappearing overseas. China’s industrial might is growing each year.

Yet America remains by far the No. 1 manufacturing country. It out-produces No. 2 China by more than 40 percent. U.S. manufacturers cranked out nearly $1.7 trillion in goods in 2009, according to the United Nations.

The story of American factories essentially boils down to this: They’ve managed to make more goods with fewer workers.”

What do you think?

What if higher production adds up to fewer jobs? Is efficiency always a good thing?

How often do you see “Made in U.S.A.” on the products you buy? How about “China?”

Outsourcing is…

Monday, March 8th, 2010

Outsourcing is the practice of using third-party service providers. Companies typically outsource in order to reduce costs or enhance their product, as other companies or service providers may be more experienced or effective in that particular area of production.