Tuesday, June 24, 2008
High oil prices brings some manufacturing jobs back to the U.S.
Tonight, ABC World News Tonight (June 24) featured a report on the flip side of high oil prices combined with globalization. That is, some manufacturing jobs are coming home to the United States.
For example a company named DESA brings furniture carpentry and manufacturing jobs back to North Carolina from China. The cost of shipping a container from Shanghai to New York has increased from $3000 to $8000.
Crown Battery moves some work from Mexico back to Ohio. I know a process control software company in central Ohio (that’s “Days of our Lives” country, along highway 13, sort of) that has done well since the mid 1970s. This trend can only be good for it.
Farouk Systems (hair care products) comes to Houston from China later this year.
The lead story on ABC is by Sharon Alfonsi, titled “Oil Price Fallout: Jobs Coming Home? As shipping costs rise, businesses jump ship,” link here.
And NBC Nightly News tonight discussed the booking business in export of waster to China. It is more efficient (and “greener”) to make plastics and other products from waste than crude oil.