It’s a fact of today’s business world: U.S. companies rely on the citizens of developing countries to manufacture their products as a way to keep wages down. Often the supply chain follows the exodus.

It’s all part of “globalization.” Despite the outcry in the United States regarding losing jobs to other countries, the phenomenon is not going to go away.

Manufacturers of everything from electronic equipment to household appliances and from offi ce equipment to swimwear continue to look for an edge to make their products at the least possible cost. Paying cheaper labor without substantial benefits is at the top of the list.

The result is a precarious dichotomy. At the same time Americans complain about the loss of jobs, they gobble up merchandise that is offered at lower prices than goods made in the United States.

“The growth in private label swimwear as well as the growth in sales at Target, Walmart, Kohl’s, etc., is driving increased cost/price pressures, which in turn are making the garment manufacturers seek the lowest cost sources for production,” explains Ria Stern, director of North American marketing for South Korea-based Hyosung. She calls the company the world’s fastest growing producer of spandex. Read Entire Story