Is the Playing Field of Global Trade Beginning to Level Out?
U.S. manufacturers may be finally in a position to compete with their peers overseas as the economics of global trade begin to shift back in favor of American producers. Indeed, the conditions do seem to be looking good; the dollar is at an all-time low against major currencies (including the yuan) making exports cheaper abroad; wages in low-cost destinations like China and India are climbing 15% annually; and oil prices are sending shipping costs through the roof, making the economics of the global supply chain business model far less attractive.
Will American factories and supplier networks be able to take advantage of this situation or has the map of global commerce been permanently drawn in favor of countries like China and India? To read more see: “Can the U.S. Bring Jobs Back from China?” in the June 30th issue of BusinessWeek .
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