Sunday, December 8, 2013

#374: Made in the USA picking up steam according to article from nbcnews.com - I like this trend!

Dec. 7, 2013 at 10:50 AM ET usalovelist.com Products made in the USA can have special appeal to holiday shoppers who also want to support local producers. Blogger Sarah Wagner has created USA Love List featuring such items. Forget packed malls and big-box chain stores brimming with sleepy bargain hunters. This holiday season, a modest shopping phenomenon is brewing in Fort Wayne, Ind. During the recent Thanksgiving weekend that included Black Friday, hundreds of local shoppers gathered in downtown Fort Wayne to buy from small merchants offering a variety of gifts, including flavored popcorn, apparel and nail polish. The unique twist? Every small business participating in the retail fair featured "Made in USA" goods almost exclusively. "The majority of the products sold are made in the United States," said Olivia Fabian, co-owner of local retailer OFabz Swimwear, which participated in Fort Wayne's second annual "HollyPop" retail event a week ago. While "HollyPop" organizers did not set out to showcase domestically made items, a survey of merchants revealed lots of emerging businesses — all producing goods locally. "We wanted to round up the coolest of the cool and put them in one location," Fabian said. The brainchild of local merchants and community leaders, the "HollyPop" event is a unique retail experiment and far from the the norm. Physical retail spaces that have dedicated shelf space for "Made in USA" goods are rare, an exception being Cracker Barrel's country stores, according to Sarah Wagner, a popular blogger who focuses on domestically made goods. Cracker Barrel's "Old Country Store" features a "Made in USA" section with products including apparel, flags and kitchen items. Wagner has turned her passion for "Made in USA" products into a successful website, USA Love List, devoted to sourcing domestically produced items, ranging from apparel to pet food. She searches the aisles of big retailers, such as Costco and Target, for American-made goods. And seeking "Made in USA" labels during the holidays can have a special appeal. "The holiday season is the ideal time to focus our shopping by seeking the 'Made in USA' label because when it comes to gifts, we have a lot of flexibility in our spending," Wagner said. "At this time of year, more than ever, we want to feel like we are contributing to the things that matter to us. A well-chosen gift is always a treat, but if that gift supports our neighbors, our communities, or our country, it will be appreciated even more dearly," she said. Bottom line: More American-made goods sold equals U.S. jobs. While "Made in USA" sections in physical stores are not prevalent, more Web platforms are featuring such sections. And we're not just talking small mom-and-pop online stores. Retail giant Wal-Mart has a dedicated "Made in the USA" section. Items range from cleaning products and diapers to 12-foot boats. Nordstrom features American-made goods including apparel, cosmetics, jewelry and shoes. Apparel brands also have dipped their toe into producing or showcasing domestically made clothing. Club Monaco offers American-made suits, including waistcoats. J. Crew features "Made in USA" jeans. Although it's not always the case, buying "Made in USA" can come at a premium. A Club Monaco American-made blazer retails for roughly $575, with $225 for pants and $195 for a waistcoat. "Made in USA" Wallace and Barnes jeans available at J. Crew retail for around $198 a pair and up. Five years after a deep recession, not all consumers can afford a "Made in USA" premium, of course. But if the emergence of American-made virtual retail spaces and pop-up fairs are indicators, there's a growing appetite for and cachet associated with buying "Made in USA" products. Still, more than 97 percent of apparel and 98 percent of shoes sold in the U.S. are made overseas, according to the American Apparel & Footwear Association. During the 1960s, roughly 95 percent of apparel worn in the U.S. was made domestically. "No one is predicting that we're going back to employment levels in manufacturing that we had 30 years ago," David Trumbull, a consultant and expert in textiles and U.S. manufacturing, told CNBC in September. America has lost nearly a third of its manufacturing jobs during the past the decade. "But 'Made in USA' is a trend we have seen, and it has continued," he said. Just as consumers have sought products for causes that include supporting the environment and cancer research, so "Made in USA" movement supporters hope more shoppers will seek out those products. Wagner, the blogger, said, "If consumers realize how good they feel about buying or receiving gifts made here, they will then take the time to at least look for and ask for the 'Made in USA' label during the rest of the year." —By CNBC's Heesun Wee. Follow her on Twitter @heesunwee

Monday, December 2, 2013

#373: An Understated, But Effective Approach to Retirement Savings

I have always loved reading Susan Reimer's columns and this one particularly hits home. It emphasizes the importance of starting early and doing something towards retirement savings even if you don't have a comprehensive plan in place in the early career years.

#372: The Battle Over Minimum Wage

A broken embed link requires you to click here to watch this thought provoking segment from CBS'Sunday Morning about the problem of stagnant wages which have led to a diminishing middle class over the last 40 years. Robert Reich's commentary on this problem is particularly interesting.

#371: Amazon Looks to the Future

This segment from CBS' acclaimed 60 Minutes focuses on Amazon's continuous improvement efforts and their increasingly important presence in so many markets. Also, a great illustration of cost control.

Tuesday, November 19, 2013

#369: Target Refining Its Market Position

An interesting article from the WSJ describes Target's differentiation strategy. Most people think of Walmart as their primary competition, but they are positioning themselves against competition from Amazon as well. Wish they'd bring one to Paducah, KY!!! Click here.

Wednesday, November 13, 2013

Thursday, November 7, 2013

#365: Twitter IPO

Link to this NPR story and audio to learn more about how Twitter's IPO will be a more traditional first day than the one Facebook experienced and how that isn't necessarily a good thing.

Saturday, November 2, 2013

#364: Jeff Bezos - In It For The Long Haul

I found this article from USA Today very interesting. Jeff Bezos' vision for Amazon may see it overtake Walmart in terms of sales volume someday, but he'll be doing it with razor thin profit margins.

Tuesday, October 22, 2013

#362: Jeff Bezos and the Age of Amazon

Interesting article on Bezos' leadership style from the 10/10/13 issue of Bloomberg Business Week. Click here to read. Lots of similarities between the demanding behavior of Bezos and Steve Jobs, Bill Gates, and other high vision, high strung leaders.

Monday, September 9, 2013

Sunday, September 1, 2013

#359: Telecommuting - The Future?

I always love stories from CBS Sunday Morning. I just wish they had explored the concept of blended telecommuting (some days in the office and some at home) a bit more. Personally, I think the radiologist was a bit isolated and that the Zappos concept is a bit overwhelming. Like Goldilocks, I think I would be looking for something in the middle. Interesting way for companies to lower the cost of "housing" employees if it is a way they can still achieve strategic objectives.

Sunday, August 18, 2013

#358: Why is Walmart Performing Below Expectations

Although many economic indicators signal recovery, Walmart is discovering that not everyone is feeling the optimism. Click here to read more from an nbcnews.com article.

Tuesday, August 13, 2013

#357: Six College Courses That Help Land a Job

Click here to read an article from nbcnews.com about 6 courses that will help you land and keep a job, no matter what your major or chosen career.

Thursday, July 11, 2013

#356: Great Story on McDonald's Practicing Continuous Improvement

Click here to read Business Week's feature on how McDonald's rolled out and rolled up their new premium McWrap. Personally, I'm a fan of the grilled chicken sweet chili option! They are masters of standardization and cost control.

Tuesday, June 25, 2013

#354: Delta CEO Earns Praise for Kindness to Passenger

I loved this story of how CEO Richard Anderson made a difference in the day of a stressed out mom. I suspect his motivation was quite genuine, but you can't buy this kind of good publicity!

Monday, June 17, 2013

Wednesday, June 12, 2013

Tuesday, May 21, 2013

#351: Tim Cook to Testify on Apple Tax Avoidance & Follow-Up

Remember, tax avoidance is legal, while tax evasion isn't. That won't stop Congress from grilling Tim Cook about Apple's offshoring of corporate profits. Read more here. See also #276 for background. Here's the follow-up with video links.

Monday, May 13, 2013

#350: Bill Gates - An Amazing Innovator & Leader

I am in complete awe of Bill Gates. He understands how to prioritize, connect the dots, and solve problems. Congress could learn much from him!

Monday, May 6, 2013

Sunday, April 21, 2013

#345: Walmart Cuts Costs, But Pays a Price

Read here for an interesting take on how controlling labor costs is hurting Walmart's bottom line, courtesy of Bloomberg Business Week. Personally, I might call this an external failure cost of quality as it impacts return visits and future customer spending.

Monday, April 15, 2013

#344: GM & Ford Cooperating on New Transmissions

Click here to read an article from USA Today about how GM and Ford are cooperating for once, instead of competing. It should be a win-win for innovation!

Tuesday, March 19, 2013

#342: Federal Budget v. Family Budget

An interesting segment from NPR on how family budgets differ from government budgets. This highlights some interesting credit use numbers as well. Use this link to get to this short audio segment.

#341: Textbook Publishers Lose in Supreme Court

In an unusual split among the justices, the Supreme Court ruled that grey market goods which have been sold abroad and then imported back to the US are legal. I haven't taught business law in almost 20 years, but thought this story from NPR was interesting.

#340: Jack Dorsey: Innovator

Enjoy the lessons about leadership and innovation in this 60 Minutes segment on Jack Dorsey, creator of Twitter.

Friday, March 15, 2013

Saturday, March 2, 2013

#337: Big Artists Embracing Vinyl

I love to learn about manufacturing processes and I love Nashville. That means these videos were "musts" for the blog!

Visit NBCNews.com for breaking news, world news, and news about the economy

Visit NBCNews.com for breaking news, world news, and news about the economy

Thursday, February 28, 2013

Monday, February 25, 2013

#335: Rent or Own?

An interesting financial breakdown on the two options - click here.

#334: Affordable College Education

The White House College Scorecard, click here, allows students to determine affordable college options. Check out the value you receive from a KCTCS education!

#333: Breakthrough Prize to Promote Advancement in Life Sciences

Listen to this six minute segment to learn about this new prize, funded by tech notables like Mark Zuckerberg, Sergey Brin, and Art Levinson. This level of private funding is hoped to provide enough resources to cure terminal and chronic diseases and to extend human life. Zuckerberg has stated that part of the hope with this funding initiative is to attract the best and brightest mines into life science research.

Tuesday, February 19, 2013

#332: Facebook Paid No Taxes in 2012

So, how did that happen? It's an excellent example of how legal tax avoidance can minimize corporate income taxes, showing how employee stock options can be deductible to the corporation. Read the Huffington Post article here.

#331: Conscious Capitalism by John Mackey

This is a very interesting C-Span Book TV program where Mackey, a co-founder of Whole Foods, discusses the roles of different stakesholders in a free market economy. Lots of good discussion related to quality management principles. It's not embeddable, so here's the link that will allow you to stream the video.

Wednesday, February 13, 2013

#330: Drop In Birth Rate Has Wide Ranging Implications

It's not just that Baby Boomers like myself want grandchildren, but that our country needs to maintain it's population. Click here to learn more about why we need more babies!

Sunday, February 3, 2013

#327: MOOCs - The Future of Higher Education

While there will be lots of benefits from MOOCs, it remains to be seen whether they can take the place of credit granting courses and higher eduction degrees. It will be interesting to see how this shift will play out!

Visit NBCNews.com for breaking news, world news, and news about the economy

Saturday, February 2, 2013

#326: Applebees Chooses Customer Over Employees

This controversial story will certainly garner Applebee's attention it doesn't need and those reading it will likely come down on both sides. Like many issues in life, this one's messy.

Sunday, January 20, 2013

#324: Warren Buffett - Wealth From Common Sense

Personally, I wish Warren could be in charge of the country for a week or two, circumventing the gridlock we have now. I love his optimism about the USA. Included in this video, his words of wisdom about investing for most Americans.

Saturday, January 19, 2013

#323: Globalization Incorporates Economic Diplomacy

Hillary Clinton has earned big props from American business for helping to promote US corporations abroad. Read the Bloomberg BusinessWeek article here

Tuesday, January 15, 2013

Thursday, January 10, 2013

#788: How to Outsmart Shoplifters