September/October 2010 | Trade and Industry Development

September/October 2010

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Trade & Industry Development Magazine

September/October 2010

Be courageous. I have seen many depressions in business. Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward! - Thomas Edison

For years now, people have claimed that American manufacturing is dead, or at best quickly dying. That's an odd thing to say about what is still the largest manufacturing economy in the world. Words like "globalization" and "offshoring" have entered the lexicon as fearful harbingers. But those words cut both ways, and the U.S. has increasing footprints from foreign-based manufacturing firms. From foreign auto makers locating in the South to wind turbine manufacturers siting operations in the Midwest - are we to believe that they are locating here out of some strange abundance of compassion? Or could it be that it simply makes economic sense?

In this issue, we examine Manufacturing in the U.S. In our feature on Advanced Manufacturing, Ed McCallum provides excellent insight and advice into what manufacturing executives should seek in siting their facilities. John Rhodes offers a clear-eyed look at the Utilities sector and provides a pragmatic perspective on the issues ahead. And Harry Moser delivers eye-opening, mission-critical information for all those concerned with the bottom line, and illuminates the hidden financial benefits of Re-Shoring facilities back to the United States. Also, Jennifer Alten explores several Foreign Trade Zones, and Linda Dobel examines some of the Designated Sites, existing across the country. The Association for Manufacturing Technology provides a snapshot of where manufacturing is now and a roadmap for going forward, and Greg Jones of FTZ Corp. explains some of the significant advantages found in operating within FTZs.

In this issue

Making it in America: The U.S. Foreign-Trade Zones Program Continues to Enhance Operating Margins of U.S.-Based Manufacturing Operations

BY: Greg Jones

The U.S. Foreign-Trade Zones program continues to serve U.S.-based manufacturing operations by making a positive contribution to their operating margins. FTZ procedures do this by enabling a number of U.S.-based companies to significantly reduce their Customs duty costs on imported components and materials – even though their finished products are destined for the domestic market. In recent years many manufacturers have discovered that, under the U.S. FTZ model, their finished products do not have to be re-exported for the company’s bottom line to be positively affected by Zone procedures. more....