by Marc Chandler
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| Mark Basla, Vice President, DVIRC, interviews Marc Chandler, Global Head of Currency Strategy, during DVIRC annual manufacturing executive conference. Chandler discusses the US manufacturing employment trends gaining back 600,000 jobs, and the multiple effect whereby for every manufacturing job, 2 – 4 jobs are created outside of manufacturing. He also addresses the US skill shortage challenges where the school systems are not generating the STEM skills required for the jobs, essential to employ young people and for the US to remain world class. Finally, reshoring is increasing as manufacturers want to have shorter supply lines, less complicated supply chains, be closer to their customers to have quicker responses to changing needs, as a result production is coming back to the US. Lower US energy is also helping this increase. Foreign businesses are also moving to the US to be closer to the US market as well. In addition, foreign wages are increasing, and US safety standards are stronger than foreign markets. We do have our challenges, but things are moving in the right direction which is good because we are a country that makes things! |
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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