GE Appliances on-shoring

[DrBob2]

GE Appliances bolsters ties with US suppliers as it moves production from...

…range in value from $330,000 to $41 million, span 10 states and cover crucial segments of the supplier chain for the appliance maker’s washer and dryer production — from plastics and castings to steel and aluminum, the company said…

"While tariffs have certainly been a factor, there are also many other benefits such as shorter lead times, reduced transportation costs and the ability to collaborate with your supply chain to ultimately serve our customers better,” Lagomarcino said.

DB2

[tjscott0]

GE Appliances

It operates as an independent subsidiary of Chinese Haier Smart Home Company, a publicly traded affiliate of Haier, after an acquisition from General Electric in 2016. Haier has the right to use the GE brand name on appliances until 2056.

[DrBob2]

@tjscott0

It operates as an independent subsidiary of Chinese Haier Smart Home Company

And they’re expanding manufacturing in the US rather than in China.

Here’s a Swedish company expanding its US-based production facilities:

Fabric8Labs secures $50M to expand US manufacturing capacity

DB2

[tjscott0]

@DrBob2

And they’re expanding manufacturing in the US rather than in China.

And should we be welcoming Chinese involvement in US economy?

‘China was Playing Chess while the rest of us were Paying Checkers’

Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood. More alarming, much of the lending was to help Chinese companies buy stakes in U.S. businesses, many tied to …

AHA! The question in my mind is:"Has the recent Chinese technology breakthroughs been based on domestic brainpower or theft from industrial espionage???

[1poorguy]

@DrBob2

"While tariffs have certainly been a factor, there are also many other benefits such as shorter lead times, reduced transportation costs and the ability to collaborate with your supply chain to ultimately serve our customers better,” Lagomarcino said.

Since I was old enough to have an opinion, I have always thought trade with China was a mistake. Nixon going to China was a mistake. Granting them MFN status was a HUGE (enormous) mistake. We should be treating them as we treat DPRK.

They have always been, and continue to be, our enemy. And we are now seeing the price of our greed for cheap labor in a powerful, assertive China that is threatening our friends/allies, and building a navy to rival ours.

Regarding on-shoring, that has been happening for at least a decade in some sectors. Courtesy of automation, it is actually cheaper to make stuff here than employ humans in places like Vietnam or Bangladesh. They have to hire a few people to tend the robots, but -especially when factoring in shipping costs- it’s cheaper here. Don’t expect a boon in hiring from it.