What Are You Doing Right Now
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@scottalanmiller that's a really cut throat business, I'm much more interested in the export business
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@scottalanmiller said:
Speaking of which, if anyone is interested in going in on manufacturing investing in Nicaragua, let me know. I'd be very interested.
What's your buy-in?
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@scottalanmiller "made in nicaragua" brings nothing to the table unless it's a country specific item of interest (local booze, smokes, food, etc)
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@MattSpeller said:
@scottalanmiller that's a really cut throat business, I'm much more interested in the export business
It is, no doubt. But there is an opportunity market here too. The labour is so low and CAFTA-DR just has not been leveraged yet.
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Think about this....
Not only are the biggest "US carmakers" making their cars in the US (GMC, Ford and Tesla) but so are the biggest European car makes (Fiat, VW, Mercedes) and Japanese (Honda, Toyota.) Even the cars that we think of as being foreign are often made in the US.
yeah, I knew that many had gone to local assembly lines in the US - seems surprising that labor was low enough to warrant that - though I guess tariffs can make that happen easy enough.
Tariffs and the high cost of shipping products from across the ocean. What blows my mind is that places like Nicaragua which are insanely low labour (bordering on free at under 10% US labour costs, sometimes closer to 5%) costs, low real estate costs, and nearby for easy shipping by truck, rail or ocean are not being flooded with opportunities considering CAFTA-DR means that there cannot be tariffs for selling into the US market.
Is it possibly the drug lords? If manufacturing started being bigger there, eventually there would be a lot more money there, the people would start gaining some independence, etc. Would the cartels like that much?
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@Dashrender said:
@scottalanmiller said:
Speaking of which, if anyone is interested in going in on manufacturing investing in Nicaragua, let me know. I'd be very interested.
What's your buy-in?
No idea. I know that @eric is interested too. We've been talking for weeks on it. We'd have to put together a project proposal to figure out what the necessary buy in would be. This is not a Crazy AJ's local service thing, this would be leveraging Central American labour to provide products and/or services to the US primarily.
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Speaking of which, if anyone is interested in going in on manufacturing investing in Nicaragua, let me know. I'd be very interested.
What's your buy-in?
No idea. I know that @eric is interested too. We've been talking for weeks on it. We'd have to put together a project proposal to figure out what the necessary buy in would be. This is not a Crazy AJ's local service thing, this would be leveraging Central American labour to provide products and/or services to the US primarily.
Call Centers... it worked well in other low labor places in the world.
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@Dashrender said:
@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Think about this....
Not only are the biggest "US carmakers" making their cars in the US (GMC, Ford and Tesla) but so are the biggest European car makes (Fiat, VW, Mercedes) and Japanese (Honda, Toyota.) Even the cars that we think of as being foreign are often made in the US.
yeah, I knew that many had gone to local assembly lines in the US - seems surprising that labor was low enough to warrant that - though I guess tariffs can make that happen easy enough.
Tariffs and the high cost of shipping products from across the ocean. What blows my mind is that places like Nicaragua which are insanely low labour (bordering on free at under 10% US labour costs, sometimes closer to 5%) costs, low real estate costs, and nearby for easy shipping by truck, rail or ocean are not being flooded with opportunities considering CAFTA-DR means that there cannot be tariffs for selling into the US market.
Is it possibly the drug lords? If manufacturing started being bigger there, eventually there would be a lot more money there, the people would start gaining some independence, etc. Would the cartels like that much?
Drug lords in Nicaragua? I think you are confusing us with Honduras and Guatemala. Nicaragua doesn't have drug issues outside of the "autonomous territories" where no one lives and the few people there speak English. This is a very free country, many would argue more free than the US. This is a country that went to war with the US specifically over the right to be a self governing democracy!
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@coliver said:
Call Centers... it worked well in other low labor places in the world.
Too late. That is the one business with which Nicaragua is already flooded. Managua is call center central. It's the big business up there.
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What kind of native materials are available? It seems like importing all of your raw goods would be insanely expensive. Would that offset the low labor costs?
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@scottalanmiller mangolassi.IndustrialTitans
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No I am not involved in all of that!!!
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@coliver said:
What kind of native materials are available? It seems like importing all of your raw goods would be insanely expensive. Would that offset the low labor costs?
This would be a large part of the numbers.
Yes the raw materials for the items produced in the large Chinese manufacturing locations are also imported. But it built up over time. Initial investments in manufacturing there did not pay off like new investment does. -
@coliver said:
What kind of native materials are available? It seems like importing all of your raw goods would be insanely expensive. Would that offset the low labor costs?
Wood is plentiful
As is gold (new mines just opening up.) Agricultural products are abundant like sugar, coconut, cashew, mango, tobacco, coffee, beef, shrimp and lobster. -
Nicaragua has no tariff import capabilities from the US. So there is always the ability to bring materials in that way.
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@scottalanmiller well if you come up with anything I'd love to know more
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@scottalanmiller said:
@coliver said:
What kind of native materials are available? It seems like importing all of your raw goods would be insanely expensive. Would that offset the low labor costs?
Wood is plentiful
As is gold (new mines just opening up.) Agricultural products are abundant like sugar, coconut, cashew, mango, tobacco, coffee, beef, shrimp and lobster.So find something to make from that to minimize import costs if you can. Most likely you will also have to import the material anyway because that is raw produce and not refined materials ready for manufacturing.
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What is happening with the forum traffic? Why are we exploding as we approach the end of the day and going into the east coast after hours? This is a bit mental...
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The UK users are at home then, so perhaps more of them use ML from home than from work.
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Do we see any Brits posting right now? I realize that the graph is reads, not writes, but still.
