Shorebreak
Active Member
- Sep 25, 2009
- 395
- 102
- 28
We were "on top of the world" post WW2 because we bombed out everybody's else's industrial capacity and so were the sole provider of steel, autos, etc. Once those countries' economies rebuilt they became competitive again and were kicking our unionized, protected butts.
If protectionism worked, then E.Germany would be a world economic power. Instead when the Wall fell we found an industrial complex hopelessly outdated because there was no incentive to invest in newer more productive techniques and machinery.
So.... shipping all of our heavy industry and manufacturing to Asia, Mexico, and other offshore locations - after enabling those nations to export to the US without tariff - isn't a core contributor to our economic decline? it was only a matter of time?
I wouldn't give you a nickel for that theory unless you framed it in gold. Protectionism doesn't mean not trading. it measn trading in a manner that does not allow foreign economic conditions that are beyond our control to impact our domestic economy.
As far as manufacturing technology is concerned, I work in the regulatory manufacturing field. In auditing facilities and vendors at a global level, I can tell you without reservation that US manufacturing technology and efficiency is at the very top of the game.
I can also tell you with regards to our domestic economy in a globalized marketplace, when I speak with production and operations managers, when I speak with instrumentation and technology research scientists who are at the tip of the spear in process optimization (I interact with the top of the game in the US, Europe, and Asia), and when I speak with officials at the state level who are working overtime to develop local manufacturing capabilities, the one common theme that comes up over and over again is that we're not given a fighting chance because no matter what we do or how we progress, nearly ALL of our efforts get moved offshore once we have proven a technology and it's ready for implementation.
If you get your information and opinion from talking heads and your favorite columnists in media, whether they claim to be liberal or conservative, I can proimise you that if they aren't communicating the exact information that I just provided you, they are either out of touch with the manufacturing community (aka the economic driver of the nation), or they are sending a watered down/distorted message.
I'll check back later for a response. I'm heading out now to an industry event in my region. My company is being awarded for growth and leadership.
If you're in business and looking for ways to succeed, I'll give you the points that I give everyone else:
1. Assume a worst-case economic scenario and plan towards surviving it - not a 5 year plan, but a 12-18 month plan. Be flexible today to meet tomorrows surprises. Don't throw away your long term planning but be certain to tailor them to the risks identified in your worst-case scenario plan.
2. Diversify, diversify, diversify. Like real estate, economic survival means being in the right market at the right time. Establish multiple egg baskets and grow each of them independently, no matter what the core competencies of your current business - even if you're a small business owner working from home. Look for ways to diversify. We've almost doubled in size using that approach over the last 18 months.
3. Collaborate. Establish relationships with like and complimentary businesses. Sell your product or services through them. For example, just last month I established a relationship with a reputed IT security firm. I can now add their capabilities to my portfolio of services, which opens new avenues for business that would not come my way without the security component. Tomorrows collaboration meeting is with a mid-sized competitor who is already inside several fortune 100 organizations. By offering to collaborate with them, they get larger projects and we extend our business into clients where we currently do not have a relationship.
I was speaking to a group recently and one of the follow-up questions was asked with a little bit of a wink and a smile (by a salesman from the company I'm meeting tomorrow), "If you want to be successful and if this is working for you, why are you sharing your strategy with the rest of us?"
My answer was very simple: We're all in this thing together. If you're not successful, I can't be successful. If we work together to identify our challenges, we can work together to maintain and grow our businesses.
And it all ties back to what we need to do as a result of an unlevel playing field between domestic US industry and those whom we are forced to compete with from offshore markets. Anyone in the US manufacturing industry will tell you that - with and without unions.