...The true costs of outsourcing often don't show up on earnings statements. For example, when General Electric, a pioneer of the original offshoring movement, began moving its appliance manufacturing back from China, they discovered how badly their designs had stagnated. With their production and design teams in the same plant and speaking the same language, they realized a 20 percent overall savings over their Chinese costs on their first "reshored" appliance by making big reductions in material and labor inputs...
Saturday, June 22, 2013
Business Finally Catching On?
Comeback: Why the US Sits at the Brink of a New Boom | The Business Desk with Paul Solman | PBS NewsHour | PBS:
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