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Manufacturing |
| Revision as of 11:29, September 16, 2007 (edit) Watson - Sr. Director (Talk | contribs) (→Labor Unions Increase Costs for American Manufacturers) ← Previous diff |
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| - | Often thought of as the heart and soul of a country's economy, companies within the manufacturing industry produce everyday, common goods on a massive scale. These companies typically engage in very labor intensive productions and employ over 60,000 people, who are in effect the farmers of industrialization. [[Labor Unions]], [[Steel Prices|raw materials]], [[emerging markets]], and globalization are factors familiar to most of the companies within manufacturing. The [[rising worldwide demand for energy]] and ensuing rise in [[oil prices]] has benefited companies that manufacture oil drilling and transportation equipment like [[US Steel (X)]] and hurt the automobile manufacturers that are lagging in hybrid technology like [[General Motors (GM)]] and [[Ford Motor Company (F)]]. Additionally, the 2007 credit crunch caused by the [[subprime lending|subprime lending crisis]] has made cars less affordable and forced automobile manufacturers to either offer better [[interest rates]] on loans or not sell cars. Below is a break down of the companies within the manufacturing industry: | ||
| - | ==Subsets of the Manufacturing Industry== | ||
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| - | ===Automobile Industry=== | ||
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| - | *[[Ford Motor Company (F)]] | ||
| - | *[[General Motors (GM)]] | ||
| - | *[[Toyota Motor (TM)]] | ||
| - | *[[Volkswagen (VLKAY)]] | ||
| - | *[[DAIMLERCHRYSLER AG (DCX)]] | ||
| - | *[[Harley-Davidson (HOG)]] | ||
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| - | ===Metal and Materials Industry=== | ||
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| - | *[[US Steel (X)]] | ||
| - | *[[Alcoa (AA)]] | ||
| - | *[[DuPont (DD)]] | ||
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| - | ===Multi-Industry Conglomerates=== | ||
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| - | *[[General Electric Company (GE)]] | ||
| - | *[[Siemens AG (SI)]] | ||
| - | *[[3M Company (MMM)]] | ||
| - | *[[Toshiba (TOSBF)]] | ||
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| - | ===Defense Contractors=== | ||
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| - | *[[Lockheed Martin (LMT)]] | ||
| - | *[[Raytheon Company (RTN)]] | ||
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| - | ===Construction Industry=== | ||
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| - | *[[Caterpillar (CAT)]] | ||
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| - | ==Manufacturing Industry Trends & Forces== | ||
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| - | ===Labor Unions Increase Costs for American Manufacturers=== | ||
| - | Due in part to the physical intensity of the work, sheer size of the labor forces working for each company, and historic financial success of the major manufacturing companies, [[Labor Unions]] have played an integral role in the costs associated with running a manufacturing company. Historically, successful manufacturing giants like the [[Big Three Auto Woes|Big Three automakers]], [[Boeing]], and [[US Steel (X)]] have turned extravagant profits, inspiring the masses of employees to organize and demand higher pay, better benefits, and safer working conditions. [[Labor Unions]] drive up company's costs and cut into profits, making it tougher for the companies to compete in the global economy. [[Labor Unions]] are characteristic of the United States, which puts many U.S. manufacturers at a distinct disadvantage to manufacturers in [[Emerging Markets|developing countries]] where labor is cheaper. A lack of [[Labor Unions]] gives companies like [[Toyota Motor (TM)]] a comparative advantage. | ||
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