Due To Rising Costs, Will Domestic Manufacturers Be More Competitive Than Their Overseas Counterparts?
Wednesday, May 27th, 2009Over the last few years it has proven to be very difficult for domestic manufacturers to compete with their overseas counterparts. With the labor and raw material costs being so low overseas, domestic manufacturers have been losing business left and right for years. Now with the economy in shambles it’s time for domestic manufacturers to regain their footing in the market. Some of the reasons for this shift in power are:
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The rise in the price of oil.
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New standards for testing products.
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Chinese manufacturers are less flexible.
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The U.S. dollar is severely weakened.
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Price of labor and materials. Retailers aren’t cutting any slack.
To read a more in depth explanation of each of these points click here.
“As a domestic manufacturer of printed and plain plastic bags, it is refreshing to see this change occurring in such a grim marketplace. The companies that hold strong in this market by staying competitive and going the extra mile will rise from the ashes of this economic war as the industry leaders of tomorrow.” Lynn Voinier - Sales Manager/Plus Packaging Inc.

