Let's speed up that reshoring.
Kudos to Knowledge Today for re-stating what the Alliance for American Manufacturing (AAM) has been repeatedly saying-- namely, that conditions are ripe for a resurgence of U.S. manufacturing.
The Knowledge Today article cites a recent study by the Boston Consulting Group (BCG) that found China's cost advantage is shrinking from 30% down to 16%.
Even more impressive is that the article points point an often overlooked fact-- namely, that "wages represent only a small percentage of total manufacturing costs." What really matters are things like "supply chain costs."
Also aiding a U.S. manufacturing resurgence is the fact that U.S. energy costs are dropping due to new natural gas sources.
With conditions growing more favorable, the question is when reshoring will start to pick up steam?...
Related recent Blogs
- WATCH: Laid off by trade inaction, workers speak for themselves • by mmcmullan • 03/12/2014
- What good's a trade agreement if you don't enforce the on-the-books trade rules? • by mmcmullan • 03/11/2014
- A National Manufacturing Strategy could be the "be all, end all" for depressed wages • by LRaup • 03/11/2014
- A Boy Scout badge in advanced manufacturing? • by TGarland • 03/10/2014
- March 10, 2014: Making moves for manufacturing • by mmcmullan • 03/10/2014
- Donald Trump addresses CPAC crowds on key AAM issues • by LRaup • 03/07/2014
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014