Manufacturers face harsh realities; producing products in Alaska means freight, financing and a host of other challenges.
Alaska Business Monthly › Vol. 27 Nbr. 10, October 2011
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MANUFACTURING
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Manufacturers face harsh realities; producing products in Alaska means freight, financing and a host of other challenges.
According to the 2011 Manufacturing and Logistics Report Card, produced by Ball State University's Center for Business and Economic Research, the Alaska economy ranks dead last among the 50 states in both manufacturing and diversification. The report went on to say "manufacturing firms are not necessarily reliant on local demand for goods and are therefore footloose. Their location then depends more on local factors, such as the quality and availability of the labor force, transportation infrastructure, non-wage labor costs, access to innovative technologies and the cost of doing business."
It also said: "States which have a high proportion of manufacturing activity in a single sector typically suffer higher volatility in employment and incomes over a business cycle. Less ...See the full content of this document
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