I should have let this play out longer and see how many of the deplorables on this board have never been an executive in a company other than these two who clearly don't know business.
This is good? Your own article said that Madden isn't bringing any manufacturing to the U.S. They are simply reducing the amount they source from China (not eliminating it), and worse, they are just going to source from different countries.
What does that do? Instead of a $50 pair of shoes now being $70 to U.S. consumers if Madden continues to source all from China, the shoes will only be $60 instead of today's $50. Good? No, moron, that is bad. More, why do you think so many apparel and shoe companies use China over other countries where labor is also low? It's because China is so fvcking good at what they do! There are other countries where wages are just as low and companies can still keep their costs low, but those countries aren't nearly as good as China.
For as much as we import Chinese goods, how little do you hear about supply-chain failures from there? How little do you hear about the source not having the manpower, goods, or striking employees? Considering the amount we import, those issues are almost non-existent, because China is really fvcking good at their expertise! Now, with companies like Madden shifting some (not all) of their sourcing to other countries, these companies will not have nearly the flexibility that they have with China. Want to know what that means? It means if they (the companies) make a business mistake, need more of something, need to make a change, etc., they're fvcked, and that will cost them money . . . meaning costing Americans money.
This isn't good in any way. Even if every single company that sources from China does this same exact thing, costs are still going to increase substantially (just not as much) while also hurting what can be done long-term. There is nothing good about that, moron.
About a year ago, a president or CEO of a division in a company reached out to me about becoming their COO. He is a former Utah State football player, runs a large part of a fitness equipment/technology company, and knew of me from a few mutual friends. When doing my due-diligence in the company, their financials, and their operations, I mentioned something trump had recently started campaigning about: huge tariffs on China.
When I asked what their plan was, they had no answer, because they hadn't heard about it yet (trump was just starting his rants). I end up not taking the job, I get them to focus on female influencers to push their product (they now use at least two female fitness influencers I suggested to push them), and they tried sending me a treadmill as "thanks." About six months ago, that same president/CEO reached out. They had set up a plan to change manufacturing for most of their products from China to Vietnam. They were confident that if trump did win, instead of having to increase the cost of their most popular line anywhere from $1000-$1500 to American consumers, they could now keep the increase at only $500.
"Good"?
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