Category Archives: Supply Chain
Article: Is It Possible? Outsourcing to the United States?
Bhasin, CEO of Indian outsourcing giant Genpact said he will move jobs to America because high US unemployment is pushing wage rates below that of what he’s having to pay in India. To unemployed Americans, the announcement may be welcome news. But Ron Shah of Geena Ventures, an India-centric private equity firm, is concerned. The jobs [...]
US trade deficit widens to $42.3 billion in May
Martin Crutsinger, AP Economics Writer, On Tuesday July 13, 2010, 8:46 am EDT WASHINGTON (AP) — The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing. The trade deficit increased 4.8 percent to $42.3 billion, the largest [...]
Chinese Foxconn Hon Hai to Raise Wages by 30% to $141 a month
By JASON DEAN And TING-I TSAI TAIPEI—Hon Hai Precision Industry Co. said Wednesday it would increase wages for its workers in China by 30%, more than it had originally planned, in the latest sign of pressure on companies to improve conditions for employees in the country’s vast manufacturing sector. Imaginechina/Zuma PressEmployees worked in Shenzhen, China, [...]
Senator wants disclosure on outsourced calls
NEW YORK (Reuters) – In a bid to reduce outsourcing of U.S. jobs, a Democratic senator said on Sunday he will push legislation to make companies inform customers when their calls were being transferred outside the United States and charge companies for those transferred calls. “This bill will not only serve to maintain call center [...]
U.S. companies bringing production back home
U.S. companies bringing production back home Trend toward ‘on-shoring’ work is seen By Larry Avila Post-Crescent business editor Mike Klonsinski isn’t ready to call what he’s been reading about a trend, but he hopes it’s true. As the executive director of the Madison-based Wisconsin Manufacturing Extension Partnership, it has been his [...]
Steelmakers Troubled Over Iron Ore Pricing
Recent changes to iron-ore pricing contracts have led to rising raw materials costs. Many steelmakers are protesting the changes, citing unfair market manipulation by the largest ore companies. What will the latest round of pricing disputes mean for manufacturers here and abroad? In a recent round of contract negotiations, major iron ore mining companies around [...]
China announces anti-dumping steps on US chicken
Companies: Tyson Foods Inc. On Friday February 5, 2010, 1:46 am EST BEIJING (AP) — China announced anti-dumping duties of up to 105.4 percent Friday on imports of U.S. chicken products, adding to trade strains with Washington. The case comes amid mutual accusations of protectionism by Beijing and Washington which both say will hurt efforts [...]
More melamine-tainted milk products found in China
BEIJING – Melamine-tainted dairy products were pulled from convenience store shelves in southern China more than a year after hundreds of thousands of children had been sickened in a massive milk safety scandal, a government spokeswoman said Monday. The announcement calls into question the effectiveness of a crackdown launched by Chinese officials to improve product [...]
The Shrinking of Corporate America
Fourth-Quarter Profits Jump as Banks, Airlines, Factories Cut Spending, Payrolls By PAUL VIGNA And JOHN SHIPMAN Now showing this earnings season: the Incredible Shrinking Corporation. Since the start of the recession two years ago, corporate and consumer balance sheets have been engaged in a forced bout of cutbacks that figure prominently in fourth-quarter earnings reports [...]
Outsourcing Isn’t Just for Christmas
LIAM DENNING Another Christmas, another triumph for the world’s foremost exponent of vertical integration. Imagine if Santa Claus outsourced instead. Pinkerton might be hired to keep tabs on how well children behaved. Toys would no doubt be churned out in Chinese factories rather than Polar workshops. Santa could stay home and brainstorm with his elves [...]