Could reshoring be the key to America’s resurgence?

Posted on 15 May 2017 by The Manufacturer
Increasingly, manufacturing companies are looking to gain a competitive edge by manufacturing locally, rather than overseas - image courtesy of APS.

'What if the age of offshoring has come to an end?' asks Steve Johnson, CEO of Missouri Partnership. 'What if the global market is adjusting so that reshoring (or keeping production in the US to begin with) makes the most financial sense?'

That’s the conclusion companies like Carrier, Ford, Trans-Lux, Sprint, and Farouk Systems have reached after evaluating the total cost of ownership. Big changes have led companies to adjust their approaches to manufacturing. China’s salaries have increased by about 15%, international shipping costs are through the roof, and intellectual property risks and counterfeit products are at…

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