business news in context, analysis with attitude

The Financial Times has an excellent story about the made-in-America trend, which involves not just supply chain realities, but the stakeholder-vs.-shareholder debate, conscious capitalism, some politics, and the automation movement. Using one company - American Giant - as an example, FT takes a trip deep into its supply chain to examine the economic, technological and demographic factors that affect its business decisions.

An excerpt:

“Bringing manufacturing back to the US will require some things that private business can’t do on its own — educational reform, tax reform, smart industrial policy (not picking winners, but building infrastructure, sharing best practice across industries and creating a supportive environment for investment with more than just tax cuts) … The public sector has to play a role. Yet, for the past 40 years, we’ve lived in a world in which business has become global, while politics has remained local.

“Business complains that government fails to train a 21st-century workforce or support industries of the future, even as it lobbies for tax cuts that make it harder to do those things. Multinationals can fly 35,000 feet above local concerns, putting capital and jobs where it is cheapest to do so. But eventually that becomes a zero-sum game, as the political climate not only in the US, but in much of the world, makes quite clear.”

You can read the entire, fascinating story here. (Subscription required.)
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