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?...
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