Manufacturing Coming Back To The United States Sep 25, 2013 by Sam Rolley A recent survey of 200 executives of large manufacturers indicated that 21 percent were already taking steps to bring manufacturing back to the United States. American companies “reshoring” manufacturing operations from China to the United States represent changing global economic factors that could play well for American workers. For years, China held a competitive advantage as a low-cost manufacturing hub in the global economy; but rising wage inflation in the country is causing many U.S. companies to re-evaluate decisions to send manufacturing overseas. According to Financial Times, a recent survey of 200 executives of large manufacturers indicated that 21 percent were already taking steps to bring manufacturing back to the United States or had plans to do so within the next two years. Another 33 percent were weighing the pros and cons of moving manufacturing operations back to the United States. Those numbers have risen sharply since a similar survey conducted by the Boston Consulting Group last year. That survey only found 10 percent of executives reshoring manufacturing and 27 percent considering moving manufacturing back home. The numbers, however, are preliminary because it can take years for employment numbers to catch up with manufacturing growth. “These are leading indicators,” Hal Sirkin of BCG told Financial Times. “If you are going to have a plant up and running in 2015, you have to start planning in 2011, or 2012 at the latest.”
Posted on: Fri, 27 Sep 2013 22:07:02 +0000
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