It Takes a Factory to Make a Manufacturer
How can you call yourself a manufacturer if you don’t manufacture anything?
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Manufacturing Defined- Making Things!
We were pleased to be quoted in the weekend edition of the Wall Street Journal in an article by Tim Aeppel titled Feds Try Redefining Manufacturing. Our initial post on Factoryless Goods Producers was cited in the article. The issue is that federal agencies are trying to redefine “Manufacturing” to recognize “Factoryless Goods Producers” as…
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What is a Factoryless Goods Producer?
The Factoryless Goods Producer designation has the potential to seriously inflate US manufacturing statistics and confuse all parties, as it counts foreign outsourced production as, well, Manufactured goods from a Factoryless Goods Producer (FGP)
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What is Manufacturing?
Manufacturers actually make things and often export their products. Factoryless goods producers don’t make anything themselves.
In some cases however outsourcers EXPORT OUR JOBS.