Why a Hong Kong Shoemaker Moved Operations to Tennessee

The video discusses the strategic decision to move manufacturing operations closer to material sources to enhance sustainability and reduce shipping time. It compares wages and productivity between the US and Asia, highlighting the benefits of higher productivity in the US despite higher wages. The discussion also touches on the trend of on-shoring and the potential revival of the manufacturing industry in the US, emphasizing the importance of training skilled workers and developing local supply chains.

Why did the company decide to move operations closer to the source of materials?

• To reduce labor costs

• To improve sustainability and reduce shipping time

• To access better technology

• To expand into new markets

What is the wage range for ordinary workers in Tennessee according to the speaker?

• $7 to $8

• $5 to $6

• $11 to $12

• $9 to $10

How does the speaker justify the higher wages paid in the US compared to Asia?

• By highlighting the lower cost of living in the US

• By mentioning government subsidies

• By emphasizing the benefits of proximity to the market

• By pointing out the increased productivity and efficiency

What is one of the challenges mentioned for truly making products in America?

• Limited market demand

• Lack of skilled workers

• Absence of tanneries

• High import taxes

What does the speaker hope to achieve by bringing the industry back to America?

• To lower production costs

• To reduce competition

• To create a fully domestic supply chain

• To increase export opportunities