The price of everything from
shampoo to bottled iced tea could be
on the rise in the next few years –
unless companies find ways to produce
and distribute products more efficiently.
But if they do, it could be good news for
American workers. Julie Grant reports:
Transcript
The price of everything from
shampoo to bottled iced tea could be
on the rise in the next few years –
unless companies find ways to produce
and distribute products more efficiently.
But if they do, it could be good news for
American workers. Julie Grant reports:
Today, when a company makes, say a bottle of shampoo,
the plastic bottle is often made in China and shipped to the
U.S.
Daniel Mahler is with the global consulting firm AT Kearney.
His company finds the cost of labor in China is going up –
and cost of transporting bottles around the world is on the
rise.
Mahler says that means it’s smarter to start making the
bottles here in the U.S.
“Because the transportation costs will be much lower if I
have a supplier next door that ships to me my plastic or the
caps for my bottles.”
Mahler’s study says companies that don’t change could see
earnings drop by 30% in the next five years – and that would
mean higher prices for products.
For The Environment Report, I’m Julie Grant.