Thursday, July 25, 2019
The Future of Manufacturing in the USA Essay Example | Topics and Well Written Essays - 1250 words
The Future of Manufacturing in the USA - Essay Example The Boeing Company in America announces its prevalent orders ever in the last year thus recording the highest exports by value. The enormous American brands, such as caterpillar and Intel, sustain the bases of domestic manufacturing despite their orientation globally. Companies repatriating include Ford and Continental AG that manufactures for a multitude of reasons, including problems of counterfeiting. Foreign corporations (Samsung and Volkswagen) at the same time build manufacturing amenities in America.                                                                     The current trends in the skilled workforce, reliable infrastructure, creativity, diversity, excellent universities, and entrepreneurial spirit continues to pinpoint the manufacturing advantage. It is the U.S . contentment that it would be more attractive as its counterparts costs wane as a result of productivity.                                                                                          Predicaments and barriers have surrounded the U.S. manufacturing sector. It is noticeable that top foreign manufacturers could be more globalized than their counterparts in the United States. Data on the top manufacturers demonstrates that the foreign manufacturers would be more international. The foreign employment recorded increased employment to 68 percent during the years between 1998 and 2010. A comparable figure was 47 percent in 2010 for the U.S manufacturers.                                                                                                           The foreign manufacturers in the top list have established growing, and significant operations in the U.S. The market penetration could be due to green field investments, strategic alliances acquisitions, and mergers.
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