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Business – Internship

What are the most common consumer products that are imported into the U.S. and why?

The most common consumer products that are imported into the U.S. are the following: consumer electronics, telecommunications equipment, RTW (ready to wear) products, and food products. Electronics, communications equipment and RTW products are imported they are much cheaper to import than have the products locally produced. Food products as an example coming from Asia (China, Philippines, Japan, Malaysia etc.) are imported to cater the demand of vast Asian population who are now living or working in the US.

Some business organizations to name a few who uses the `triangle method` are the following: Nike (Shoes and Apparels), Intel (Electronics), Dell (Computers), Sony (Consumer Electronics), Honda (Automobiles), Apple (Electronics).

We have been discussing that technology has been changing the way businesses communicate around the globe. How is e-commerce affecting global trade in your industry?

E-commerce is affecting global trade in my industry by keeping transactions more simple and cost effective. Simple in the sense that, manual transactions have been reduced or eliminated thereby a faster production, ordering and delivery of products are met. This translates to cost savings for both the producer and consumer. The producer can simply order and

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transact the needed supplies on-line. He can then price his goods a lot cheaper than competitors who do not do e-commerce and thereby benefits consumers who can have a faster and a cost effective, convenient way of buying the products.

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