The repatriation of manufacturing jobs in America is clearly based on clear-headed rather than nationalistic decision-making. Companies note that reshoring is not just about foreign wages anymore; it’s about serving and reacting to markets from a closer vantage point. And it’s foreign companies doing it, too.
Small businesses that have the wherewithal are manufacturing locally and near their consumers. Doing this from the get-go, rather than bringing manufacturing back from abroad, they are “new-shoring” due to the same reasons: decreasing foreign wage disparity, time-to-market, and product personalization.
Manufacturers helped the nation pull through the Great Recession, and the sector is experiencing what some participants at FABTECH 2013 are calling a renaissance. A panel of manufacturing professionals discussed the state of the industry Monday during FABTECH, North America’s largest conference on metal manufacturing and technology. Read more
As manufacturers in the United States recalculate and compare the total costs of operating offshore, some are beginning to bring production back to the states. If the trend continues, as experts believe, reshoring could generate millions of new manufacturing jobs over the rest of the decade.
There is a growing trend to reshore manufacturing back to the U.S. as managers re-calculate and compare the true total costs of production. Still, there is a range of hidden metrics that are not factored often enough when determining where to produce goods. Read more
New research shows that the U.S. has now matched Mexico as an attractive location for manufacturing in terms of labor and operational costs, and will match China in desirability by 2015, which will vastly accelerate reshoring. Read more
Not only are American companies pulling back on their overseas production, but foreign businesses view the United States as an attractive alternative to producing at home. It could be that America is becoming a low-cost manufacturing destination. Read more