Duane Helleloid, Ph.D.
Duane Helleloid is an Associate Professor and Chair, Department of Management, at the University of North Dakota. He previously held faculty appointments at The Stockholm School of Economics, The University of Maryland, The Norwegian School of Management, Rigas Ekonomikas Augstskola, The University of Connecticut, and Towson University. He also taught courses for the University of Shanghai for Science and Technology and the Norwegian School of Economics and Business Administration. His research interests are in the area of strategic decision making under conditions of high uncertainty. He holds a PhD from the University of Washington.
China is the world's largest auto market, and most cars are sold under a foreign brand name. This is a result of China's policy of requiring foreign car makers to work with a joint venture partner, and in the process transfer some technology and manufacturing expertise. As the Chinese government considers dropping this restriction, it could hurt local manufacturers who have come to depend on the profit streams from foreign-branded vehicles.
Manufacturing of dentures and dental implants has become more automated and is increasingly done in low-wage locations. A combination of the use of digital technology, consolidation among dentists, and lower costs overseas has contributed to a shift in production of dental fixtures. U.S. manufacturers that have remained competitive have shed jobs by investing in automation.
The shipbuilding industry has taken a significant hit in recent years, as low oil prices decreased demand for oil tankers and offshore drilling rigs. There is now a bit of hope, however, as demand for liquefied natural gas is driving demand for gas tankers. Demand for electricity in India and China is boosting demand for clean electricity-generating technologies, hence demand for liquefied natural gas from the Americas.
In early 2016, Carrier announced it would be closing a furnace factory in Indiana and shifting production to Mexico. In a mature manufacturing industry that requires minimal skilled labor, the two primary ways to reduce operating costs are to increase automation and/or lower wage costs. One approach to lowering wage costs is to shift production to lower wage locations. In Carrier's case and in the words of its CEO, the timing happened to coincide with the "silly political season" that was short on "adult supervision." The Indiana plant, however, will for now remain open.
Brazil's JBS SA is the world's largest meat producer and is preparing to raise additional funds via bond sales and a partial stock listing. JBS has grown through a series of acquisitions, spending $20 billion in the past decade. Recent investigations into the bribing of Brazilian meat inspectors to overlook food safety violations are now spooking foreign customers and threatening to derail JBS's stock offering.