Global Competition And Its Effects On U.S. Manufacturing Industry | Zendy

William E. Biles | Zendy; Carroll Hyder | Zendy; Mark Rajai | Zendy

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Global Competition And Its Effects On U.S. Manufacturing Industry

Author(s) -

William E. Biles,

Carroll Hyder,

Mark Rajai

Publication year - 2020

Language(s) - English

Resource type - Conference proceedings

DOI - 10.18260/1-2--8409

Subject(s) - competition (biology) , order (exchange) , product (mathematics) , recession , business , industrial organization , manufacturing , service (business) , competitive advantage , global recession , marketing , economics , finance , ecology , geometry , mathematics , keynesian economics , biology

This paper discusses the global competition and its effects on U.S. manufacturing companies and consumers. In order to compete effectively in the highly competitive global market, American firms must strive to produce high-quality products at low cost and with short lead times, while providing outstanding customer service. Some leading U.S. based companies such as Boeing have recently integrated latest technological innovations (IPTeam software by Nexprise, Inc) into their product development with great success. The results of a survey and the role of Concurrent Engineering and latest technological innovations in enhancing U.S. competitiveness in the world market are also presented.

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