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Manufacturing in America
Video

Manufacturing in America

The Millennial Way to Make Things

Tanya Menendez, Neil Parikh, Zachary Quinn, Bayard Winthrop and Kevin O'Leary
Aspen Institute, 2017
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Editorial Rating

7

Qualities

  • Innovative
  • Eye Opening

Recommendation

Shark Tank venture capitalist Kevin O’Leary interviews rising entrepreneurs who are reviving and modernizing the Made in America label: Tanya Menendez, co-founder of Maker’s Row, which unites companies with US manufacturing partners; Neil Parikh, co-founder of Casper, an innovative mattress company that bypasses retail infrastructure; Zachary Quinn, co-founder of social-impact clothier Love Your Melon; and Bayard Winthrop, founder of online clothing company American Giant. getAbstract recommends their engaging, sometimes repetitive discussion to forward-looking entrepreneurs and small-business leaders.

Take-Aways

  • Conventionally, manufacturing in the United States doesn’t make good business sense. Companies can save up to 8% by offshoring manufacturing.
  • Yet millennial entrepreneurs have found ways to offset this cost and even gain a competitive edge by keeping manufacturing onshore and optimizing technology.
  • Manufacturing domestically enables having local business partners, small batches and short distribution channels, allowing for quick, nimble product changes. Plus, values-based branding, such as the American-made label, attracts and retains customers.

About the Speakers

Tanya Menendez, Neil Parikh, Zachary Quinn and Bayard Winthrop are founders of businesses that conduct most of their manufacturing and distribution in the United States. Kevin O’Leary is a venture capitalist appearing on the entrepreneurial TV show Shark Tank.

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