Many United States-based businesses manufacture their products overseas. This involves manufacturing products anywhere in the world where the labor cost is cheaper. Because of cheap labor, it is often more economical for a U.S. company to manufacture overseas and pay the shipping costs than to manufacture in the United States. Offshoring manufacturing has its pluses and minuses. For a company, the savings may be substantial. However, there are negative effects on U.S. employment, as many jobs in the United States are being cut and replaced by overseas positions.
Bristol Meyers Squibb
Bristol Meyers Squibb (BMS) is an American pharmaceutical company that manufactures overseas. BMS, headquartered in New York City, is a very large corporation, with manufacturing plants scattered all over the world. BMS employs 44,000 people worldwide, and has operations in 27 countries, spread out over six continents.
Ford Motor Company
The automotive manufacturer Ford Motor Company is headquartered in Dearborn, Michigan, a suburb of Detroit It is a large multinational corporation, with manufacturing facilities scattered all over the world. Ford Motor has manufacturing facilities spread across six continents. The company also has approximately 159,000 employees, working in 70 manufacturing plants worldwide.
Cooper Tire and Rubber
Cooper Tire and Rubber is based in Findlay, Ohio, but has manufacturing facilities across the globe. According to the company, it has facilities in 10 countries. This includes manufacturing, distribution, and sales.
Multitude of Companies
Many other U.S.-based companies have manufacturing based overseas, including John Deere, Eli Lilly, and Hewlett-Packard. The field is extensive, from large manufacturers like Honeywell to very small contract manufacturers, like Illinois Tool Works.
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