Summary of Manufacturing in America

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Manufacturing in America summary
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Rating

7

Qualities

  • Innovative
  • Eye Opening

Recommendation

Shark Tank venture capitalist Kevin O’Leary interviews rising entrepreneurs who are reviving and modernizing the Made in America label: Tanya Menendez, co-founder of Maker’s Row, which unites companies with US manufacturing partners; Neil Parikh, co-founder of Casper, an innovative mattress company that bypasses retail infrastructure; Zachary Quinn, co-founder of social-impact clothier Love Your Melon; and Bayard Winthrop, founder of online clothing company American Giant. getAbstract recommends their engaging, sometimes repetitive discussion to forward-looking entrepreneurs and small-business leaders.

About the Speakers

Tanya Menendez, Neil Parikh, Zachary Quinn and Bayard Winthrop are founders of businesses that conduct most of their manufacturing and distribution in the United States. Kevin O’Leary is a venture capitalist appearing on the entrepreneurial TV show Shark Tank.

 

Summary

Some US companies are prospering by keeping their manufacturing onshore. Is this an anomaly or a shining investment strategy? Traditionally, the numbers work against US manufacturing. Even well-run businesses typically have a slim 15% pretax profit margin, and firms can save 6%–8% by manufacturing overseas. However, domestic manufacturers can offset higher labor costs and even gain a competitive edge by standing for something, such as US jobs. This branding strategy attracts a fandom, ensuring longevity alongside retail titans Amazon and Walmart. By accessing...


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