Thinking as a Hobby

Get Email Updates
Email Me

Admin Password

Remember Me

3477939 Curiosities served
Share on Facebook

Importing Patriotism
Previous Entry :: Next Entry

Read/Post Comments (4)

So the US manufacturer of those yellow "Support Our Troops" ribbon magnets was on C-SPAN this morning, talking about how, apparently, the Chinese have recently started manufacturing them, and undercutting the US maker.

Magnet America sells the yellow ribbon magnets that millions of US drivers display on their cars to signal support for troops in Iraq and Afghanistan. But the magnetic ribbons have become so popular that Chinese manufacturers have started mass-producing them for a fraction of the price charged by Magnet's US supplier.

The company, which refuses to shift production offshore, has seen sales shrink by 65 per cent in the past four months, forcing it to lay off half its 40-strong workforce.

"We were contacted by a Chinese firm that could cut our costs by up to 70 per cent but we will always keep our manufacturing in America," says Dwain Gullion, Magnet America's founder.


Read/Post Comments (4)

Previous Entry :: Next Entry

Back to Top

Powered by JournalScape © 2001-2010 All rights reserved.
All content rights reserved by the author.