scholarly journals Analysis of the Boiler and Heat Exchanger Manufacturing Industry in the US Using Porter's Five Forces Framework

2021 ◽  
Vol 4 (2) ◽  
pp. 1-18
Author(s):  
Jerry Chik
Keyword(s):  
Heat Exchanger ◽  
Manufacturing Industry ◽  
The United States ◽  
Raw Material ◽  
Government Policies ◽  
Import Competition ◽  
Differentiated Products ◽  
Barriers To Entry ◽  
Technological Advances ◽  
The Us

As global trade expands and technological progress is being made in developing countries, manufacturers of boilers and heat exchangers in the United States (US) are facing increasing import competition while industry profitability is competed away from industry rivals, market entrants, as well as by the growing number of available choices for buyers, and by suppliers with larger clientele and differentiated products and services. The forces that influence profitability in this industry is an essential part of strategic planning for any boiler and heat exchanger manufacturer that aims to control competition risk and optimize profitability. This research aims to break down and analyze the influences that industry manufacturers, market entrants, purchasers, component and raw material suppliers, foreign imports, technological advances, government policies, industry organizations, and future trends have on the profitability of industry players. While it was found that the level of competition in the industry is moderate, rapid advances in technology, increasingly stringent government policies on emission standards and boiler and heat exchanger efficiencies, as well as growing import competition may catalyze industry competition in the near future. The use of Porter’s five forces in this analysis suggests the need to consider the significance of technology and the challenges posed by imports through increasing globalization, as these factors could substantially change and disrupt the industry by reducing barriers to entry and by raising the threat of substitutes. As a result, the boiler and heat exchanger manufacturing landscape in the US could become much more competitive, which in turn, could diminish returns for industry operators. This could also change the structure of the industry with the inception of industry players that offer differentiated products and services. The question for industry groups and policy-makers is to what extent should these five forces be influenced, since the degree of support for or of counteraction to these forces will guide the future competitiveness and marketization of the boiler and heat exchanger manufacturing industry in the US.  

The History of Personnel and Vocational Testing

2020 ◽  
Author(s):  
Michael J. Zickar
Keyword(s):  
Civil Rights ◽  
World War I ◽  
Civil Rights Movement ◽  
Reliability And Validity ◽  
The United States ◽  
Us Military ◽  
Technological Advances ◽  
The Us ◽  
History Of ◽  
Vocational Testing

Personnel and vocational testing has made a huge impact in public and private organizations by helping organizations choose the best employees for a particular job (personnel testing) and helping individuals choose occupations for which they are best suited (vocational testing). The history of personnel and vocational testing is one in which scientific advances were influenced by historical and technological developments. The first systematic efforts at personnel and vocational testing began during World War I when the US military needed techniques to sort through a large number of applicants in a short amount of time. Techniques of psychological testing had just begun to be developed at around the turn of the 20th century and those techniques were quickly applied to the US military effort. After the war, intelligence and personality tests were used by business organizations to help choose applicants most likely to succeed in their organizations. In addition, when the Great Depression occurred, vocational interest tests were used by government organizations to help the unemployed choose occupations that they might best succeed in. The development of personnel and vocational tests was greatly influenced by the developing techniques of psychometric theory as well as general statistical theory. From the 1930s onward, significant advances in reliability and validity theory provided a framework for test developers to be able to develop tests and validate them. In addition, the civil rights movement within the United States, and particularly the Civil Rights Act of 1964, forced test developers to develop standards and procedures to justify test usage. This legislation and subsequent court cases ensured that psychologists would need to be involved deeply in personnel testing. Finally, testing in the 1990s onward was greatly influenced by technological advances. Computerization helped standardize administration and scoring of tests as well as opening up the possibility for multimedia item formats. The introduction of the internet and web-based testing also provided additional challenges and opportunities.

Recognizing barriers to entry of biosimilars in the United States market and highlighting the solutions

2020 ◽  
pp. 174113432097215
Author(s):  
Arpit Bana ◽  
Priti J Mehta
Keyword(s):  
Patent Protection ◽  
Reference Product ◽  
Market Competition ◽  
The United States ◽  
Living Cells ◽  
Barriers To Entry ◽  
The Us ◽  
The Government ◽  
The Cost ◽  
The U.S

Drugs that are procured from living cells and are used to treat acute and chronic diseases are called biologics, whereas biosimilars are the drugs which are highly similar but not identical to the original reference product. The main advantage of these drugs is that they are highly targeted with great therapeutic activity and can be used for multiple indications. Despite all the advantages biologics are still extremely costly. The main purpose of developing and introducing biosimilars was and is to increase market competition leading to a decrease in the cost of the biologics. However, until now the cost of the treatment has not decreased in the US market because there are many barriers to the entry of biosimilar in the US market which are discussed in this article. In this article, we argue that the barrier or hurdle in the US market entry of the biosimilars is not only limited to patent protection or exclusivity but other less discussed barriers are also there which are to be discussed. Due to these barriers till June 10, 2020, only 9 biosimilars are available commercially in the US market out of the 27 biosimilars approved for marketing by the U.S. Food and Drug Administration (FDA). We argue that the introduction of these biosimilars in the US market is essential for increasing market competition and thus decreasing the overall treatment cost for both the government and the payers. In this article, we are also providing perspective on the possible solutions to reduce these barriers and to encourage the entry of biosimilar in the US market.

scholarly journals Countermeasures under the Agreement on Subsidies and Countervailing Measures: Between the Aircraft Manufacturing Industry and Society

2021 ◽  
Vol 5 (1) ◽  
pp. 72
Author(s):  
Ida Bagus Mahawira Nawagani ◽  
Prita Amalia ◽  
Helitha Novianty Muchtar
Keyword(s):  
International Trade ◽  
Manufacturing Industry ◽  
The United States ◽  
The European Union ◽  
Complex Situation ◽  
Aircraft Manufacturing ◽  
The Us ◽  
Principle Of Proportionality ◽  
Private Actors ◽  
Second Category

Countermeasures under World Trade Organization (WTO) law are separated into two categories, remedies and a method to induce compliance after another defaulting state fails to adhere to WTO's panel recommendation. This article will focus on the second category. The term ‘countermeasures’ specifically refers to an act of suspension of concessions or other obligations. One case of granted countermeasures is DS316, a case between the United States of America (US) and the European Union (EU). The issue of this case is the subsidies granted by the EU for Airbus, an aircraft manufacturer based in Europe which consists of four European nations, which resulted in Boeing's market loss. The US then requested countermeasures authorisation by the WTO. Countermeasures are related to the principle of proportionality both under public international law and WTO law. Additionally, countermeasures can lead to a more complex situation since it affects the human rights of the private actors of international trade as a part of society. This article explains the implementation of both the countermeasures and the proportionality principle, and analyses the precedents of cases and the countermeasures granted by the WTO as well as the effects of the granted countermeasures to society as it creates barriers for all the international trade actors.

scholarly journals THE EUROPEAN UNION, THE UNITED STATES, AND THE GENETICALLY MODIFIED ORGANISMS (GMOs)

2020 ◽  
Vol 21 (1) ◽  
pp. 11-20
Author(s):  
Anisa ◽  
Chelsilya ◽  
Grace Yohana ◽  
Mucco Eva ◽  
Morry Zefanya ◽  
...  
Keyword(s):  
European Union ◽  
Genetically Modified Organisms ◽  
Human Life ◽  
Genetically Modified ◽  
The United States ◽  
Environmental Damage ◽  
The European Union ◽  
Technological Advances ◽  
The Us ◽  
The Eu

Current technological advances have been present in all aspects of human life, including technological advances in biotechnology. Biotechnology not only raises hope for science but also raises heated debates among scientists, especially between the European Union and the US. This debate arises because of differences in perspective between the EU and the US. The EU has stringent rules regarding the development efforts of genetically modified organisms (GMOs). At the same time, the US thinks that GMOs are part of agriculture, so there is no need for any special laws to regulate them. Various side effects also come hand in hand with the birth of GMOs. They are ranging from adverse effects on human health, the health of food products, and even environmental damage. The development of GMOs can damage the ecosystem of species that exist in the environment. Still, more complex problems arise due to GMOs like economic problems and monopolies.   Keywords: The  GMOs, The EU, The US.

scholarly journals A Comparative Study of Digital Government Policies, Focusing on E-Government Acts in Korea and the United States

Electronics ◽  
2019 ◽  
Vol 8 (11) ◽  
pp. 1362 ◽  
Author(s):  
Chung ◽  
Kim
Keyword(s):  
United States ◽  
The United States ◽  
Interesting Case ◽  
Electronic Government ◽  
Government Policies ◽  
Comparative Case Study ◽  
Digital Government ◽  
Budget Support ◽  
The Us ◽  
Promotion Process

The first enactment of a single national e-government act took place in Korea in 2001. Subsequently, the United States enacted its electronic government act in November 2002. Unified e-government acts in Korea and the United States have since been established and enforced for nearly two decades, and provide interesting case studies for examining the long-term influences of the e-government act on national e-government and digital government policies. The e-government act of the United States is much more comprehensive than the e-government act of Korea. The US e-government act focuses on strengthening the federal government’s ability to regulate the Office of Management and Budget (OMB)’s role in e-government implementation. The OMB has overall jurisdiction over the e-government promotion process and will continue to consult with ministries on appropriate budget support for each project. In contrast, the e-government law in Korea is based on electronic document processing as the basic viewpoint and has been downgraded to a level that supports document reduction and electronic processing of documents, rather than a comprehensive law that can support e-government projects. The comparative case study of e-government acts in Korea and the United States revealed that, from the standpoint of digital government transformation using information technology, it is most important to promote digital government policy directly from the ministry that manages the budget, or to establish a dedicated organization under the ministry to secure strong coordination while linking it with the budget.

scholarly journals A categorical modeling approach to analyzing the impacts of the Lacey Act 2008 amendment on Chinese companies’ export cost and the implications on their sourcing behaviors

2015 ◽  
Vol 45 (12) ◽  
pp. 1806-1815 ◽  
Author(s):  
Ziyi Lu ◽  
Indroneil Ganguly ◽  
Ivan Eastin
Keyword(s):  
Probit Model ◽  
The United States ◽  
Wood Products ◽  
Raw Material ◽  
Ordered Probit ◽  
Cost Increase ◽  
Chinese Companies ◽  
Lacey Act ◽  
The Us ◽  
Material Procurement

The United States (US) Lacey Act 2008 amendment (LAA) is a timber legality regulation that requires US importers to monitor and minimize the risk of illegally harvested wood products within their supply chains. This paper empirically examines the effect of the LAA on Chinese companies’ export costs to the US. The study uses 138 responses from two surveys in Shanghai, China, in 2013, i.e., 5 years after the LAA was implemented. Given the high proportion of zero export increase indicated by the Chinese companies, a zero-inflated ordered probit model was used to model Chinese companies’ export cost increases to the US. The research results demonstrate that pre-LAA raw material sourcing patterns are primary indicators of the respondents’ export cost increase to the US as a result of the LAA. From the results, it can be inferred that log and lumber importers from suspect regions are taking additional measures, by changing their procurement practices, to ensure the legality of their raw material, which is adding to their cost structure. The results also indicate that smaller companies, given their flexibility with raw material procurement, were less likely to experience a post-LAA cost increase relative to their larger counterparts.

scholarly journals PROMOTING THE EXPORT OF HIGH TECHNOLOGY PRODUCTS BY THE US PROCESSING INDUSTRY

2021 ◽  
Vol 7 (2) ◽  
pp. 30-46
Author(s):  
V. N. Minat
Keyword(s):  
Manufacturing Industry ◽  
Evolutionary Dynamics ◽  
Practical Interest ◽  
Foreign Market ◽  
The United States ◽  
High Tech ◽  
Technology Products ◽  
The Us ◽  
Us Government ◽  
Tools And Methods

The trade policy pursued by the US government certainly provides as one of the most important measures to stimulate the export of those commodity groups that determine the development of the  country's  economy,  shape  its  innovative  nature  and  the  possibilities  for  the  expansionist promotion of American capital in the global, global geo-economic space. Such goods include high tech products of the American manufacturing industry, the forms, means, tools and methods of export  promotion  of  which  are  the  subject  of  this  study.  Having  studied  the  evolutionary dynamics  of  the  volume  and  structure  of  the  stimulating  elements  of  export  regulation  of American high-tech products  for  the  period  1946–2019,  we  identified  long-term trends characterizing the effective combination of assistance, encouragement, assistance and support to national exporters of the relevant commodity groups in the foreign trade activities of the United States. Based on the results of the study, conclusions are drawn about the unconditional priority of  stimulating  the  export  of  high-tech  products  of  the  US  manufacturing  industry  during  the entire  period  under  consideration,  characterized  by  a  flexible combination of the use of appropriate  forms,  means,  tools  and  methods  of  this  stimulation.  The  author  emphasizes  the primacy of expediency and efficiency in the choice of directions for the expansionary promotion of high-tech products of the American economy to the foreign market, which, of course, is of practical interest for Russian use.

America and Trade Liberalization: The Limits of Institutional Reform

2014 ◽  
Vol 68 (2) ◽  
pp. 263-295 ◽  
Author(s):  
Judith Goldstein ◽  
Robert Gulotty
Keyword(s):  
Trade Liberalization ◽  
Institutional Reform ◽  
Trade Agreements ◽  
The United States ◽  
Import Competition ◽  
Us Economy ◽  
World Power ◽  
The Us ◽  
Close Study ◽  
Tariff Reductions

AbstractAmong scholars, delegation of power to the US president in 1934 is widely believed to have been a necessary requisite for tariff reductions in ensuing years. According to conventional wisdom, delegation to the president sheltered Congress from constituent pressure thereby facilitating the opening of the US economy and the emergence of the United States as a world power. This article suggests a revision to our understanding of just how that occurred. Through a close study of the US tariff schedule between 1928 and 1964, focusing on highly protected products, we examine which products were subject to liberalization and at what time. After 1934, delegation led to a change in trade policy, not because Congress gave up their constitutional prerogative in this domain but because presidents were able to target the potential economic dislocation that derives from import competition to avoid the creation of a congressional majority willing to halt the trade agreements program.

scholarly journals Wages in the U.S. Manufacturing industry

Upravlenie ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 95-103
Author(s):  
N. E. Petrovskaya
Keyword(s):  
United States ◽  
Work Experience ◽  
Manufacturing Industry ◽  
The United States ◽  
Production Volume ◽  
Trade Union Movement ◽  
Department Of Labor ◽  
Us Economy ◽  
The Us ◽  
The Usa

Based on data from official American statistics, the issue of wages in the United States of America manufacturing industry has been considered. This study is an important area of study of modern social and economic problems of the United States. Manufacturing plays an important role in the economy of the US, because it creates a material basis for all other industries. The trends and problems in this area have been revealed in the article. For a comprehensive analysis a systematic approach, economic-statistical and logical research methods have been used in the paper. A comprehensive study of wages in the most important sectors of the national economy has been carried out, based on data from the Bureau of Labor Statistics of the US Department of Labor. Separate attention has been paid to the category of “production workers”, whose share is about 70%. The statistical data on the average annual wage of production workers by industry according to the NAICS have been adduced. The significance of the manufacturing industry in creating, maintaining and returning jobs for the US economy has been shown.The difference in wages depending on the level of education, work experience and profession has been analyzed. The data on the highest paid industrial professions have been adduced. The uneven distribution of the manufacturing industry by states has been shown. It has been noted, that the reduction in the coverage of the trade union movement of American workers is another factor, affecting the level of wages. The correlation between production volume and Gini Coefficient in the USA in the period from 1947 to 2014 has been presented in the article. It has been noticed, that the growth of inequality in the US income and the decline of the manufacturing industry are interrelated.

scholarly journals General Considerations for Diversifying Heparin Drug Products by Improving the Current Heparin Manufacturing Process and Reintroducing Bovine Sourced Heparin to the US Market

2021 ◽  
Vol 27 ◽  
pp. 107602962110522
Author(s):  
Ali Al-Hakim
Keyword(s):  
Supply Chains ◽  
Manufacturing Process ◽  
Blood Clot ◽  
The United States ◽  
Raw Material ◽  
Drug Products ◽  
Coronary Syndrome ◽  
General Plan ◽  
The Us

Heparin is one of the most widely used drugs in the world. It has been described as a lifesaving drug due to its roles in treating many serious diseases and illnesses including kidney dialysis, surgery, cardiac-invasive, heart attack, cardiac arrhythmia, acute coronary syndrome, pulmonary embolism, stroke, deep vein thrombosis, blood clot prevention, and many other related uses. Heparin drug products currently approved in the United States are obtained from porcine intestinal mucosa sourced from pigs, the majority of which is imported from China. However, due to the heparin contamination crisis (2008) and potential shortage and to safeguard the quality of current and future heparin supply chains including raw material, Food and Drug administration (FDA) posted a notification on its website titled “FDA Encourages Reintroduction of Bovine-Sourced Heparin”. This perspective is intended to address the history of regulatory and scientific background of heparin drug products obtained from bovine and porcine sources and general recommendations for improving the quality of current heparin manufacturing process including Critical Quality Attributes (CQA), control management, process control, related tests, limits, etc. Additionally, a general plan with systematic steps is proposed for diversifying heparin supply chains by reintroduction of bovine sourced heparin to the US market.

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