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market forces and inflation will force corporations to look for domestic productions. short term pain for long term gain.
by pxue 4y ago
market forces and inflation will force corporations to look for domestic productions. short term pain for long term gain.
- DuskStar 4y agoIf the US dollar keeps getting stronger relative to other currencies, it will be better to manufacture things offshore and import them. That is what a strong currency does.
- AstralStorm 4y agoAnd it's precisely what is happening right now. Unless forced to manufacture here (like say defense and space industry), the low salaries elsewhere and already existing vertical and horizontal integration make for an insurmountable advantage forever.
- mywittyname 4y ago> Unless forced to manufacture here This is exactly what's happening. Companies realize that they don't have any influence or visibility into overseas production in places like China. That labor savings doesn't mean much when you're not allowed to actually make things, or when your goods get stuck in shipping for months on end.