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Japan is one of the world’s leading exporters. With them currently, and for the foreseeable future being out of the picture, who do you think will take up the product vacuum (power vacuum) for them? What do you think the American business' reaction will be? I think this would be an excellent time for the American business sector to take back a little bit of that business and boost our own economy. My thoughts and prayers go out to the Japanese but this is business.

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Excellent discussion post... I look forward to everyone's responses...  Nice work Anthony!

Prof Manzano

I don't see a complete product vacuum with Japan out of the picture.  In fact, according to the CIA World Fact Book (https://www.cia.gov/library/publications/the-world-factbook/rankord...), Japan is only the 5th largest exporter behind the European Union (#1) and the U.S. (#4).  With China being #2, and the fact that Japan owns a great portion of the U.S. and builds many of its products here, I don't foresee any real catastrophe as far as our ability of importing needed products.  What I do foresee is Japan's economy being hit hard and requiring outside assistance (Imports) to get themselves back into the global race.
Considering the number of countries in the world 5th ain't to bad.
I think this tragedy could lead to opportunity for American manufacturers who design or produce infrastructure material.  We know Japan will need multiple energy producing plants to replace defunct nuclear facilities.  Also housing, roads, bridges, etc.   One thing we have learned through history is that Japan is much like America in persistence and will learn from and make it through this catastrophe strongly.
The japanesse have rebuilt before and they will rebuild again. I agree with your assessment. I also believe their will be a need to supply products to not only japan but those that use to get their stuff from the japanesse factories that were wiped out. Destruction leads to construct.

     First thing first, everything that follows in strictly from a business point of view and is in no way meant as disrespect for the Japanese. I hope they receive all the help and aid possible in their time of need.

 

     The first industry that can benefit from this vacuum would be the automotive industry. Toyota is going to take and be forced to increase the production in their U.S factories. This will surely benefit some communities. Next, our government needs to look at this as a business investment. We are the second largest importer to Japan and have a great opportunity to become first. We could take advantage of this by providing for them now in exchange for them limiting their importing and exporting to and from China in the future. The demand is high right now and we need to supply.  This could have very well been a situation where a business savvy man such as Donald Trump would have greatly benefited the U.S as its President.

@ Raymond - I agree with you! This is an opportunity for the U.S. and not so much of a hindrance to Japan's economy as a whole since there is no way the U.S. or European Union will allow Japan to fail. While I wish the very best for the people of Japan (I have many Japanese friends) this is definitely a good opportunity to start limiting the power of China's ability to mass produce at the expense of it's people.
This is EXACTLY what I have been thimking, and saying in my circle of aquaintances. I do understand the need for companies to implement and adhere to the "low inventory" philosophy of recent years, but you do not put your company in jepardy when disater strikes. My wanting to become a vendor would prevent the expensive idling of industrial facilities due to small part supplier issues.
I am all for bringing manufacturing back to the USA. I would dearly love for John Q Public to realize the issue of buying the cheapest item in a display is not always the best option. I personally try to buy things made in the USA and consciously look for the label. I will pay a bit of a premium to keep jobs in our country. I am not wild about support big unions nor big business when they show little interest in providing a decent quality item for a decent price. I abhor union labor that makes big bucks and shoddy merchandise. I really abhor rubber stamping board of directors who pay some idiot with a MBA tremendous amounts of money for something that many "monkeys" can achieve with a modicum of intelligence and a decent staff. The ratio of pay from high to low, for the average corporation has gone out of sight, even surreal! If a man or a woman starts up a company, nurtures it, owns it outright or at least a solid majority of the stock, then their pay is predicated by their own actions. When a corporation is public, then the action should be in favor of the "owners"/stockholders. If we can bring home the manufacturing jobs and make them competitive, then do it, don't send it to China or India where I fear it will end up.

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