Posted on 02/14/2017 5:07:45 PM PST by 2ndDivisionVet
Standing in the lobby of New York City's Trump Tower last month, LVMH CEO Bernard Arnault told reporters that the Louis Vuitton brand will expand its manufacturing in the U.S., potentially setting up a factory in the Carolinas or Texas.
Yet even as President Donald Trump pressures other businesses to ramp up their American-based production, experts agree that the "Made in the USA" movement is unlikely to take hold in the luxury sector anytime soon.
Designer labels face several major headwinds when it comes to producing goods here, including inadequate infrastructure and a shortage of raw materials.
"You've got so many things working against you," Edward Hertzman, an apparel supply chain expert and CEO of Sourcing Journal, told CNBC.
Among the challenges luxury brands would face include finding factories to fill their orders. The number of apparel manufacturing establishments in the U.S. dropped 58.2 percent from 2000 to 2014, to 6,891, according to the latest data from the U.S. Census Bureau....
(Excerpt) Read more at cnbc.com ...
Trump and GOP have their work cut out for them. They have to make it attractive to build factories in the US.
And they have to do it quickly, in time for at least some of them to be up and running before the mid-term elections.
Because people who buy luxury goods worry so much about the cost?
BMW and Mercedes don’t seem to have a problem making SUVs in the USA.
Tesla is an American brand and built in America by Americans.
And I think it was Ralph Lauren...but that may or may not be right.
"The question isn't why you'd build a watch factory in Detroit, it's why you'd want to see American jobs go anywhere else. Through four Detroit winters, we've been working to bring manufacturing jobs back to Detroit and back to this country. We build our goods to last, but of all the things we make, American jobs might just be the thing we're most proud of."
"Why not accept that manufacturing is gone from America? Why not let the rust and weeds finish what they started? Why not just embrace the era of disposability? And why didn't we buy a warmer coat before we moved here? Through four Detroit winters, we’ve asked ourselves these questions."
These people were pre-Trump and they are wildly succeeding at making high quality watches and bicycles.
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