When we talk about the global economy, imports and exports make up a huge chunk of it. The United States is a major participant in this sector. As of 2018, goods made in China made up $560 billion worth of American imports. This is about 21% of the overall goods in the United States. Let us find out which American companies outsource part, if not all, of the manufacturing to the major Asian player. You are going to be surprised to learn that they were not entirely made on American soil!
Fisher-Price
First launched in 1930, this toy-making company has its headquarters in East Aurora, New York. Even though this is the case, it has contracts with outside manufacturers and eleven factories located in China. Through Mattel, its parent company, Fisher-Price recalled a million toys made in China back in 2007. They did this because the products came with too much lead, which is dangerous to kids. Yikes.
Fisher-Price
New Balance
New Balance Athletics is a private company specializing in footwear with arch support. Originally called New Balance Arch Support Company, it has been around since 1906 and runs its main operations in Boston, Massachusetts. The footwear company earns $4.5 billion per year and employs almost 5,500 people all over the globe. It manufactures apparel as well. It has factories in the United Kingdom to cater to the European market. Across the pond, the 990 is the most popular shoe model from the company!
New Balance