Expansion Management

95% of the World's Consumers Live Outside of U.S.

Aug. 2, 2012

That’s an interesting statistic. It certainly highlights the need to export. The U.S Chamber of Commerce states this even more simply -- Global Customers = American Jobs “The equation is simple,” the group says. “The more sales American companies book, the more American workers they will hire to fill those orders. So when 95% of the people we want to sell something to live outside of the United States, we must open foreign markets to American goods and services so we can create jobs at home.”

Adrienne Selko Blog

That’s an interesting statistic. It certainly highlights the need to export.

The U.S. Chamber of Commerce states this even more simply -- Global Customers = American Jobs

“The equation is simple,” the group says. “The more sales American companies book, the more American workers they will hire to fill those orders. So when 95% of the people we want to sell something to live outside of the United States, we must open foreign markets to American goods and services so we can create jobs at home.”

According to the Dept. of Commerce’s International Trade Commission, in 2011 U.S exports of both goods and services totaled $2.1 trillion.

Exports now account for 13.8% of our country’s GDP.

The National Association of Manufacturers is urging the country’s manufacturing sector to understand the implication of these numbers.

Last week NAM announced it was joining the Alliance for Northwest Jobs & Exports and took the opportunity to bring the point home.

"Our competitors are busy working to take away our mantle of economic leadership," CEO Jay Timmons said. "To keep manufacturers competitive globally, we must take action to implement policies that support investment and job growth. Strengthening trade in the Pacific Northwest will increase exports and create jobs that support the local economies and help drive manufacturing growth.”

About the Author

Adrienne Selko Blog | Senior Editor

Focus: Expansion Management & the Biotech & Life Sciences Industries

Email: [email protected]

Follow Adrienne on Twitter: @ASelkoIW

Call: 216-931-9235

Senior Editor Adrienne Selko manages IndustryWeek’s Expansion Management, delivering ideas and information about how successful manufacturers leverage location to gain competitive advantage. She explores the strategies behind why companies located their headquarters, research institutes, factories, warehouse and distribution centers and other facilities where they did, and how they benefit from the decision.

Adrienne is also the editorial coordinator of the IndustryWeek Expansion Management Roundtable events, which unites economic development professionals to network and discuss the latest trends in site location.

As well, Adrienne tells the stories of successful companies in the biotechnology and life sciences industries.

In the past, Adrienne has managed IndustryWeek’s award-winning website, overseeing eNewletters, webinars, and contributed content. Before joining the staff, Adrienne was managing editor of corporate publications at a large regional financial institution. She also ran a public relations and marketing company that published a best-selling healthcare book.

Adrienne received a bachelor’s of business administration from the University of Michigan and is especially interested in wellness and natural health.