Why a Hong Kong Shoemaker Moved Operations to Tennessee

Why a Hong Kong Shoemaker Moved Operations to Tennessee

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of training skilled workers in the context of American manufacturing?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are faced when trying to manufacture products in America?

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