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CONTENT
Overview
1. Outsourcing
1.1 (Ezine Article) "The Chinese Sourcing Wave" by Yu Sun
1.2. (Ezine Article) "Outsourcing Can Buy You a Yacht" by Ruth Graham
2. American Company Closing
3. Bureau of Labor Stats
4. Emails
5. Previews of Ruth Graham's Ezine published articles
6. Interactive website from the Washingpost.
7. OMG Interactive
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We think this looks good, the 27 January 2011 release from the BLS regarding mass layoffs. See further details on jobs report.
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Overall, there was little improvement in the unemployment statistics for December. See American Jobs report for Further details.
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January 7 2011: The latest report from the BLS shows improving employment figures although the improvemnt came in the leisure and health industries. Further details on jobs.
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According to the Dec. 23 report from the Bureau of Labor Statistic, there were fewer mass layoff in the the month of November.Details
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For the third quarter, statistics are looking a bit better, according to the BLS. The average size of a layoff for the third quarter was the smallest in program history. See the details on American job report.
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In November 21 states and the District of Columbia had over-the-month unemployment rate increases, 15 had decreases, and 14 showed no change. Details. according to the Bureau of Labor Statistics.
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According to the BLS, data for Sept. show lNonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent. Government employment declined (-159,000), reflecting both a drop in the number of temporary workers for Census 2010 and job losses in local government. Private-sector payroll employment continued to trend up modestly (+64,000).
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Little change in the employment statistics for the month of May. See additional details from our American jobs page where we have included a really interesting report from the Bureau of Labor Statistics.
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Coffee Break Blog includes opinion and facts on outsourcing. Click here if you are looking for some New England restaurants for including Boston, Mass, Concord area in New Hampshire, plus Camden and Rockport in Maine. and a very special inn. Also you can find our detailed pages for business data, and book reviews.
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| 1.1 The Chinese Sourcing Wave-Ezine article by Yu Sun |
The Chinese Sourcing Wave
By Yu Sun
Globalization has acquired a new definition in the last 10 odd years. This can be concluded easily, if one looks at the trends market has followed in as much time. One can now define Globalization as the supply of products and components from the Rapidly Developing Economies (RDE). The most popular among them is China. China sourcing is on the minds of most of the companies in the West for reasons that are by now, well known to all.
This trend has brought a drastic change in the sourcing strategies of many companies, if not all of them. Most companies are willing to go through the cultural differences, it will have to face while shifting their sourcing plans and also the hardships involved in shifting major portions of their sourcing thousands of miles away from their home. This trend has hit the international trade so hard that companies hesitant to this change are soon going to realize the mistake they are making. This is because global sourcing is evolving at a rapid pace and those who fail to catch up are at a loss which is quite unexpected.
-China Sourcing for low costs:
The first reason why Western companies being lured by the Chinese markets was low cost finished goods as well as components. The benefits were there for both their own markets as well as the Chinese markets. Many companies from around the Globe established their sourcing offices in China in order to implement their low cost strategies. The major reason that caused this change in trend was that rapidly developing economies like China demonstrated the world that they are capable of producing world class products and components at a price that is way low as compared to the market prices of the already developed economies. The only hurdle that companies coming in had to face was a shortage of qualified suppliers and also that of global sourcing people.
-China Sourcing for innovation:
The first reason was always the low costs of China manufacturers contributing to Chinese markets. And this was also the initial driving force for most companies. But, as China Sourcing matured, so did the China suppliers. Gradually, innovative designs were developed in China in almost all kinds of industries, be it consumer electronics goods, IT firms, automotive tools and various others. Innovations with the customers in component and product design are a success these days. Currently, many of the Chinese suppliers are designing new innovative products for the international markets as part of integrated supply chain.
Thus, we can conclude that the international trade has been rocked twice by the China sourcing wave. The first wave was the one which companies ran to Chinese markets to implement their low cost strategies. This first wave developed the base for Chinese products and components world wide. And then, just like another heavy blow came the second wave of China sourcing. This was that of innovation, which brought to the people’s attention a variety of innovative products at an unbelievable cost. And, so with its double blow the China sourcing has had a lasting impression on the international markets in the last decade of globalization.
Tootoo.com, the leading B2B platform, combining vertical search engine with value added service portal. It has more than 430 000 China quality suppliers and provides top quality B2B services to both sellers and buyers worldwide.
Article Source: http://EzineArticles.com/?expert=Yu_Sun
http://EzineArticles.com/?The-Chinese-Sourcing-Wave&id=724583
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| 1.2 Outsourcing Can Buy You a Yacht by Ruth Graham |
Summary and highlights for "Outsourcing Can Buy You a Yacht" or "Whose Tee Shirts will you Buy?" by Ruth Graham. You can read the entire article on Ezine Articles.
Turn back the clock to 1980: Tee shirt manufacturers in Massachusetts employ a total of five thousand people in the factories, shipping, etc. Average salaries are $8.50 per hour.
CEO's are approached by a foreign tee shirt manufacturer who will produce tee shirts for them, with his factory of workers who get 50 cents a day.
Never mind that the tee shirts are too narrow, too long, misshapen after one wash, American buyers like cheap. They buy five foreign tee shirts instead of the 2 or 3 American made they bought before. Outsourcing wins. The execs and stock holders all rush out to buy themselves nice big yachts. Five hundred American workers will lose their jobs.
What happens to the other three companies? Stockholders are screaming. Stock is losing its value. Dividends paused. They want their money. So more manufacturing goes overseas. Three more plants close.
The foreign tee shirt manufacturer, whose workers earn 50 cents a day, acquires his first yacht and sails off into the sunset.
Now 4,400 American workers are looking for jobs.
All that's left in the US is one owner, still producing his quality made in the USA tee shirts and meeting his payroll, no yacht, but content to pay his kids' college tuition fees,
Whose tee shirts will you buy?
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| 2. American Company Closing |
| From an American company, sadly closing its doors : Oct. 21. 2007
".... we are selling [our company] to a company that will probably begin making our products overseas. The fact that not enough Americans were willing to pay the higher prices that, in turn, paid for American labor is the reason we had to sell our company. " (name withheld)
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In April, employers took 1,856 mass layoff actions involving 200,870 workers. (see business data for additional information.)
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April report for March data: In March, the unemployment rate held at 9.7 percent.Full report on American jobs report
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For 2009, veteran employment data from the BLS, is as follows:
The unemployment rate for veterans who served in the military since
September 2001--a group referred to as Gulf War-era II veterans--was
10.2 percent in 2009, the U.S. Bureau of Labor Statistics reported
today. The jobless rate for veterans of all eras combined was 8.1
percent. About 21 percent of Gulf War-era II veterans reported hav-
ing a service-connected disability in August 2009, compared with
about 13 percent of all veterans.
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American jobs continue to be lost according to the Bureau of Labor Statistics latest report of August 20, 2009. In July, 621 mass layoff events were reported in the manufacturing
sector, seasonally adjusted, resulting in 72,266 initial claims. Additional information is on Business Data.
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ARE AMERICANS INTERESTED IN BUYING AMERICAN?
Take a look at the Quantcast graph below for our monthly visitors from the USA and global.
contact us
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From Nancy, October 12, 2008
Ruth
Thanks for writing me back and I agree, jobs are crucial to America's security....Another part to this concern is ..America's health and safety.
Because we buy products that may be made in the US but do not have the breakdown of the product content and where the components are from we are in the very bad position of not knowing where these components are coming from so we cannot hold the manufacturer accountable for illness, accident or tragedy that results from the purchase of a product that may have components that are manufactured elsewhere and perhaps without the same strict guidelines that are required by US law of US manufacturers....
So if a product is being made with components at some other location other than on American soil do we have the guarantee that the standards that we have here are in fact being adhered to else where and if there is indeed a risk? And should we have an issue with components that are in a product that one purchases in the US ( but is not wholly made in the US) do we have recourse should one need to levy a complaint because of an issue with the product or components?
To my knowledge ( {and please correct me if I am wrong) US companies do not have to reveal where the "components" for this drinking pitcher came from...
For example, a purchase of a drinking pitcher that says that it is "made in the US with global components" may seem fine, yet nowhere can one find what the components are and from where they came......so one might wonder...
1. what if the components used in this pitcher are discovered to be toxic....therefore, how can one know from what country/source they come from??
2. the US company that purchased components to make the pitcher is not liable it something goes wrong as a result of the "global components" .....and if perhaps several months or years later....there is a tragic discovery that the components used to make this product cause the person who purchased it to become quite ill, then what.
3. perhaps the upshot is, a US resident that has used this pitcher made with " global components"( this purchase having been made with confidence that they had purchased something made in the US under the US strict guidelines) becomes ill from the undetected toxin in the product.....then what.... even if they are lucky enough to figure out what really made them ill they still have no recourse to fight for the ongoing healthcare that they might need...
This may seem way out of the arena of possibility and yet you may recall that there were several products in the news that were highly dangerous and toxic to US residents......when one considers this it is not so undeniable. (From Nancy and we thank her for taking the time to write.)
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Some humor for your coffee break from H.Martin.
A married couple in their early 60s was out celebrating their 35th wedding anniversary in a
quiet, romantic little restaurant. Suddenly, a tiny yet beautiful fairy appeared on their table and said, 'For being such an exemplary married couple and for being faithful to each other for all this time, I will grant you each a wish.' 'Oh, I want to travel around the world with my darling husband', said the wife. The fairy waved her magic wand and - POOF! - two tickets for the Queen Mary II luxury liner appeared in her hands.
Then it was the husband's turn. He thought for a moment and said, 'Well, this is all very romantic, but an opportunity like this will never come again. I'm sorry my love, but my wish is to have a wife 30 years younger than me.'
The wife and the fairy were deeply disappointed, but a wish is a wish...So, the fairy waved her magic wand and - POOF! - the husband became 92 years old!
PS. Faeries are female!
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| 5. Previews of Ruth Graham's Ezine published Articles |
Book reviews of fiction and non fiction are starting up and we welcome your input. Thus far we have a T.E. Larwrence, the Seven Pillars of Wisdom with amazing similarities to the current situation in the middle east and a Barbara Hambly book on the wives of our early presidents.
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You might also want to read or download "Outsourcing Can Buy You a Yacht" by Ruth Graham or read highlights below.
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| 6. Interactive website for the Washington Post |
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