Insightful article by Wired on bucking offshoring manufacturing in favor of higher yield American manufacturing:

Today, a year since Krywko’s decision to go against the offshoring tide, Sleek Audio has a full-scale manufacturing operation that can be reached via a 15-minute car ride rather than a 24-hour flight. Each earphone costs roughly 50 percent more to produce in Florida than in China. But Krywko is more than happy to pay the premium to know that botched orders and shipping delays won’t ruin his company. And so far, the gambit appears to be paying off: Based on enthusiastic customer response, Sleek Audio is now projecting 2011 to be its most profitable year ever.

Globalization has been great. But thanks to latency, localization is thriving once more. It’s like the best of both worlds now.

This is wrong.

I love entrepreneurial ingenuity.

As the value of higher education continues to decline, these are some great alternatives: Start a business, travel the world, create art, make people laugh, write a book, work for a charity, master a game, master a sport. Splendid!

As seen on Yahoo News: “The most obvious way out of this mess is for bankers and developers to build or convert existing units into affordable studio apartments for the masses… Those kind of units created an on ramp to home ownership in the late 50s and early 60s. Instead, residential insiders are waiting for the country to be forced into some big public jobs initiative in hopes that property values can be propped up to levels that won’t massively threaten equity. They’re waiting for somebody to save them from the market instead of responding to it. Somebody’s got to take initiative. Will it be industry or government?”

Jansport sent my wife the above post card, after she returned her nine-year old pack for free warranty repair. Thanks, Jansport! Although I recently purchased a competing brand on a whim, my family will never buy another brand of backpack after this nice gesture. Rock on!

An Amazon.com warehouse. Storefront of course being their awesome website. Via The Big Picture.

I needed an extra HDMI cable for my living room. So I turned to where I always go for such things: Amazon.com.

When I found one for $2.15 with free shipping, I was skeptical. But the 4.5 star average user rating quickly quieted any concerns. After all, the item has been favorably reviewed a whopping 3,231 times on Amazon.

So I bought it.

The fairly advanced cable arrived today, after only a few days. The craftsmanship is middle grade. It works fine. It suits my needs, if not exceeds them given the ridiculously low price. So how the crap can someone make money selling this thing for only $2.15 with free shipping?

It can’t just be volume. It can’t just be cheap foreign labor.

In other words, if this little guy isn’t proof that the Chinese artificially deflate their currency, despite their booming economy, I don’t know what is. Booming economies, after all, have trusted currency. Trusted currency results in higher trading prices (i.e. historically high prices for Dollar and Pounds when compared to the rest of the world).

What’s a reasonable consumer to do when the global economy doesn’t play by the rules?

In China’s defense, the U.S. just printed 6 billion notes, which isn’t exactly playing by the rules. But at least our currency is rightfully trading at market prices. The Chinese’s, on the other hand, is still bottom of the barrel, even though its economy is similar in size and trusted almost as much as the American economy.

Something’s fishy, no?

I went to lunch today with an old business school buddy. We always have a good time making fun of brainless ideas while trying to make a honest buck. Today, we ridiculed some of the following business cliches, which are beyond stale and should never be used; otherwise you’ll sound like everyone else and influence few: (more…)

Every website should be updated regularly. Search engines like it. Readers like it. Your bottom line will like it.

But if you operate a working, established, or otherwise popular website (say at least 2,000 visitors per day), I would never recommend a major visual or mechanical overhaul. It pisses people off. And when that happens, loyal visitors flock to alternatives in mass exodus, as Digg users have done this month.

There are a couple of exceptions to this rule. If your website has a monopoly on information, you can do whatever you want, and readers will keep coming back. And if your website isn’t “working, established, or popular” to begin with, you only stand to gain from a major overhaul, provided it’s done by someone who knows what they’re doing (aka no flash, proper xhtml/css coding, a regular content plan, and most importantly, good usability).

What can you do then to improve or refresh established websites? My advice is to make subtle changes to your design and monitor your visitor’s behavior. If the change has no significant effect, or better, a measurable improvement, keep the change. If the change is off-puting to visitors, revert to the the previous version immediately and re-evaluate both your desire for change and your strategy.

I know this holds true on the few “popular” websites I publish. And if Digg is any indication, I know it holds true for mega websites as well.

May all your redesigns be well-received.