April 19, 2017 Leave a comment
Snap-on CEO: Manufacturing has a PR Problem
January 27, 2017 Leave a comment
President Donald Trump’s proposed border tax on products made outside of the United States but intended for American customers poses a major problem for many companies that rely on imports.
Apple Inc. AAPL investors have reason to be concerned over Trump’s proposal, but perhaps they shouldn’t be as there may be an easy solution.
Brian White, an analyst with Drexel Hamilton, was a guest on CNBC’s “Squawk Box” segment on Thursday and offered his solution. Specifically, the analyst noted that there will be a lot of pressure among American companies to bring manufacturing jobs back to the United States, and Apple could take advantage of this by selling a “Made in America” special-edition iPhone at a $100 to $200 premium.
Doing so would also alleviate some of the financial pressure associated with moving some of the production of Apple’s devices back to the States.
“If I where Apple that’s what I would do,” he continued. “I would make an entire marketing campaign — you can actually boost your margins if you did that.”
White also believes Apple should also take advantage of another Trump proposal of making it more lucrative than before to repatriate overseas cash. Apple’s cash hoard stands at more than $200 billion, and this could be used to fund domestic manufacturing and even boost the per share dividend.
January 23, 2017 Leave a comment
November 21, 2016 Leave a comment
Boca Raton, Florida – Nov. 21, 2016 – CERTIFIED, INC. has announced an agreement with Switzerland-based Galileo Asset Management SA (galileoam.com) to assist in the acquisition of $20 million of equity funding. Such funding will expedite CERTIFIED’s international distribution and usage of their breakthrough disruptive smartphone VERITY™ scanning app. Read more of this post
November 18, 2016 Leave a comment
Apple has reportedly asked key iPhone manufacturer,partners, namely Foxconn and Pegatron, to investigate ways to bring the iPhone assembly supply chain into the United States. Today, all iPhones (and almost all Apple products) are manufactured and assembled in China.
Is Apple looking into manufacturing the iPhone in the US?
On Thursday, the Japan-based business publication cited an anonymous source in reporting that Apple had asked the two Asia-based firms that assemble the device to examine the possibility of moving production to the States.
That request, to Foxconn Technology Group and Pegatron, came in June, the news outlet said.
Apple didn’t immediately reply to a request for comment on the report.
In a memo to employees last week, Apple CEO Tim Cook addressed strong reactions to Trump’s win and said, “We only do great work and improve the world by moving forward.”
November 16, 2016 Leave a comment
CHICAGO (Legal Newsline) – An Illinois man alleges a Santa Ana, California, company uses misleading and inaccurate labels on its vitamins.
According to the complaint, the plaintiff alleges that he suffered damages as the result of being misled into purchasing the defendant’s Yummi Bears vitamins, which he believed to be domestically sourced because of the words “Made in the USA” on the label. The plaintiff holds Hero Nutritionals Inc. responsible because the defendant allegedly uses foreign-sourced ingredients in the vitamins and the Made in USA label is deceptive.
The plaintiff requests a trial by jury and seeks injunction against the defendant, award plaintiff compensatory and punitive damages, all legal fees and interest, and any further relief the court grants. He is represented by John E. Norris of Davis & Norris LLP in Birmingham, Alabama, and Julie Simpson of Simpson Law Group in St. Charles, Illinois.
U.S. District Court for the Northern District of Illinois, Eastern Division Case number 1:16-cv-07144
August 30, 2016 Leave a comment
Newspaper headlines report a new economic trend—manufacturing is returning to the United States. The country’s industrial production grew by 0.7 percent in July, its biggest jump since November 2014. This number represents everything made by factories, mines, and utilities. Before companies start slapping “Made in the USA” labels on their wares, they need to make sure they are familiar with the legal requirements to do so.
March 31, 2016 Leave a comment
BURNS HARBOR, Ind. (AP) – The 337-foot USS Illinois submarine was built with steel made at the Arcelor Mittal USA factory in northwest Indiana. Read more of this post
March 30, 2016 Leave a comment
A class action settlement has been reached with apparel manufacturer AG Adriano Goldschmied Inc. and retailer Nordstrom Inc. over allegations they sold clothing with labels that did not properly disclose the fabric’s country of origin. Read more of this post