Enviro Newsflash: Shipping Cheap Crap Around the World Is Insane.
posted by June 25 at 16:53 PMon
The exurbs aren’t the only inanity in trouble thanks to the jump in energy prices…
As the cost of shipping continues to soar along with fuel prices, homegrown manufacturing jobs are making a comeback after decades of decline. While it once cost $3,000 to ship a container from a city like Shanghai to New York, it now costs $8,000, prompting some businesses to look closer to home for manufacturing needs…(ABC news)
The rise in transportation costs are fueling what some economists are calling “reverse globalization.” For instance, DESA, a company that makes heaters to keep football players warm, is moving all its production back to Kentucky after years of having them made in China.
“Cheap labor in China doesn’t help you when you gotta pay so much to bring the goods over,” says economist Jeff Rubin.