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|Articles - June 2011|
|Wednesday, May 18, 2011|
Page 1 of 5
By Ben Jacklet
For Oregon City’s Benchmade Knife Company, the next frontier is China. Not manufacturing there — selling there.
For Redmond-based Mountain High Oxygen & Supply, it’s the Czech Republic.
For Portland’s Columbia Green, it’s Canada.
For Clackamas-based Castor & Pollux Pet Works, it’s South Africa — and China if the rules ever change.
And for Columbia Industrial Products in Eugene, it might be India. Or Brazil. Or maybe both.
As the dollar weakens and overseas economies continue to grow, Oregon-based businesses are scrambling to go global with varying degrees of success. Young companies are moving into international markets for the first time. Veteran firms are following the money into nations once written off as not worth the effort. Some are selling finished products. Others are finding their ways into global supply chains. Still others are exporting First-World expertise to nations with rising fortunes.
It’s all part of a massive global power shift. The International Monetary Fund predicts that 87% of world economic growth over the next five years will occur outside of the United States. The opportunity is vast for exporters selling to China, Brazil, India and South Korea, not to mention Colombia, Indonesia, Saudi Arabia, the Philippines, South Africa, Turkey and Vietnam.
Oregon is already a strong exporter. A recent Brookings Institution report identified the Portland metropolitan region as the second-most export-heavy local economy in the nation after Witchita, Kansas. Portland was one of four U.S. cities to double exports from 2003 to 2008, outperforming larger cities such as Atlanta, Phoenix and Miami.
This should count as an advantage, since wages tend to be higher at firms that export and ripple effects can spread the prosperity generated by international trade far and wide. But the bulk of Oregon’s success as an exporter can be traced back to one corporation: Intel. For the small- and medium-sized businesses that make up much of the rest of the state’s economy, going global can be as daunting as it is tempting. “The U.S. has been outsourcing work for a long time,” says Noah Siegel, director of international relations for the City of Portland. “Rebuilding exports is easier said than done.” Barriers to trade include language and cultural differences, protectionist trade policies, prohibitive tariffs, opaque regulations, delayed payments, questionable governance, intellectual property theft and even flat-out bribery.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
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