May 09, 2015
Doom and gloom often swarms around any discussion about American manufacturing. Offshoring, automation, and cost reductions are cited as leading reasons for Uncle Sam's decreasing manufacturing competitiveness. To be fair, if you believe that low-cost labor and more robots make it difficult for the United States to compete globally, then you would be partially correct.
But America has something few other nations have: abundant and cheap sugar. When that's coupled with the world's best biotechnology sector, the outlook for domestic manufacturing becomes quite a bit rosier -- even if relatively few people today acknowledge its importance. The manufacturing sector isn't just for airplanes and automobiles, after all.
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