Bangladesh and the Problem of Ethical Sourcing
Why a renewed emphasis on social accountability could impact the manufacturing landscape—and what it could mean for the print and promotional industries
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Sean Norris
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And bigger ones could be on the way as companies look to circumvent convoluted overseas supply chains altogether.
In a move likely unrelated to the Tazreen Fashions fire, Walmart announced in January it would boost sourcing of U.S. products by $50 billion over the next 10 years. General Electric plans to invest $1 billion through 2014 to "completely revitalize its U.S. appliances business and create more than 1,500 U.S. jobs," according to the company's website. And while U.S. manufacturing growth hit a seven-month low in May, the AlixPartners Manufacturing-Sourcing Outlook projected the U.S. to "achieve cost parity with China" by 2015 and ranked U.S. manufacturing attractiveness on par with that of Mexico.
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Sean Norris
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Sean Norris is editor-in-chief for Promo Marketing. Reach him at snorris@napco.com.
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