Why It's 5x More Expensive To Manufacture In America

<p>Everyone says we should make more products in America. So why doesn't it happen? In this episode of the Pitch to Product Podcast, 52Launch's Dan Gonyea and Peter Drakulich walk through a real domestic quote for a molded silicone component, one of the simplest parts you can make.<br /><br />The numbers:<br /> - Piece price: $0.60 overseas vs. $3.19 domestic (for a 2,000-unit order)<br /> - Tooling: roughly $2,500 overseas (stainless steel, built for up to a million pieces) vs. $17,774 domestic (aluminum, good for maybe 100,000 to 200,000 parts)<br /><br />The domestic price for this one component is more than the entire finished product costs to make overseas, and that product retails for $19.99<br /><br />Dan and Peter explain why they've seen this about 50 times this year, why tariffs and freight still don't close the gap, why you should always own your own tooling (it's an asset, it protects your IP, and it goes with the brand if you sell), and why margins are what keep a product business alive. <br /><br />This episode of the Pitch to Product Podcast is sponsored by ArmGlide. Get yours today: <a href="https://armglide.com/" rel="noopener noreferrer nofollow">https://armglide.com/</a><br /><br />Don't delay and start your journey with 52Launch today: <a href="https://bit.ly/BookCall52Launch" rel="noopener noreferrer nofollow">https://bit.ly/BookCall52Launch</a></p>