According to a scholarly article titled China’s Flatware Industry, China is estimated to have 300 to 500 suppliers who specialize in flatware. China is causing manufacturers within the US to be on the verge of shutting down. This is because of their cheap pricing. One of the companies that is on the verge of shutting down is Oneida. Oneida was founded in 1880 and grew to be the world’s largest flatware producer, with manufacturing plants in four different countries and sales at more than $500million. “But in the early 2000s, Oneida fell into a steep, sharp decline, as the rise of low-cost Asian manufacturing eviscerated its sales. In 2004, it gave up on domestic manufacturing and announced plans to close the plant it had run in Sherrill for 125 years” states an article titled Silver Spoons Gone. This article focuses on Oneida and how China is slowly but surely taking away their
According to a scholarly article titled China’s Flatware Industry, China is estimated to have 300 to 500 suppliers who specialize in flatware. China is causing manufacturers within the US to be on the verge of shutting down. This is because of their cheap pricing. One of the companies that is on the verge of shutting down is Oneida. Oneida was founded in 1880 and grew to be the world’s largest flatware producer, with manufacturing plants in four different countries and sales at more than $500million. “But in the early 2000s, Oneida fell into a steep, sharp decline, as the rise of low-cost Asian manufacturing eviscerated its sales. In 2004, it gave up on domestic manufacturing and announced plans to close the plant it had run in Sherrill for 125 years” states an article titled Silver Spoons Gone. This article focuses on Oneida and how China is slowly but surely taking away their