Monday Minute – 8/31/2015

Cooling Chinese economy creates complexity for West Michigan manufacturers

Written by   – MiBiz

Although fears over China’s stalling economy sent global stock markets reeling in late August, experts say the impact to West Michigan’s manufacturers will be complex — and not necessarily all negative. – Read more at: http://mibiz.com/item/22832-cooling-chinese-economy-creates-complexity-for-west-michigan-manufacturers#sthash.XQo7Uh1D.dpuf


Amway’s ‘Made In America’ Strategy Scores With Asian Customers

By LORETTA CHAO, The Wall Street Journal

Amway Corp. is betting that a “Made in the U.S.A.” label will hold its appeal with consumers in Asia.

The direct seller is spending $200 million on four new factories and a new research lab in the U.S., including a new plant in its home state that will make soft-gel casings for dietary supplements and other pill products.

The investment comes even as the company sees some of its fastest growth in emerging markets far from its headquarters in Ada, Mich. Manufacturing in the U.S. for buyers in Asia adds costs to Amway’s supply chain and up to three weeks to the time it takes to bring a product to market. That can make it difficult to respond to fast-changing consumer tastes.

Read more: http://www.wsj.com/articles/amways-made-in-america-strategy-scores-with-asian-customers-1439912608


A World of Opportunity Awaits Small Businesses Interested in Exporting

By ZEYNEP ILGAZ, Entrepreneur

Communication and transportation across the world are getting so much easier that it’s predicted that as much as 80 percent of the world’s gross domestic product will be sold across international markets by 2027.

This isn’t hard to believe with so many multinational products in common use. By the time a cellphone reaches a consumer’s hands, it’s been a world traveller. It might have been assembled in Mexico with Chinese components and manufactured in Malaysia with parts designed in the U.S. According to a United Nation’s World Investment Report, there are about 40,000 multinational corporations in the world.

But international business isn’t just for big corporations. Research from UPS shows that small firms that are involved in global trade are 20 percent more productive than domestic firms and produce 20 percent more jobs. Read more:http://www.entrepreneur.com/article/247677

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s