Offshoring vs. Onshoring
Posted by scapozzola on 08/19/2010
Sorry, folks. It looks like more factories are leaving the U.S. than coming back.
Recently, there's been a trend to trumpet "onshoring," the return of factories to the U.S. But it looks like the phenomenon has been exaggerated.
Turns out they were all misinformed. Data released today by the Federal Reserve Bank of Philadelphia today shows that onshoring, in fact, has declined over the past two years. Only 4.5 percent of manufacturers surveyed indicated that they had brought work back to the U.S. since the beginning of the year, compared to 6.2 percent in a survey two years ago.
On the other hand, offshoring continues at a higher, though slightly diminished, pace: 9.7 percent of companies indicated that they had offshored work, compared to 11.1 percent two years ago.
Read more.
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[...] they did 2 years ago,
[...] they did 2 years ago, and fewer said they’d returned production to the US. I found at least one Blog post that boo-hooed these findings as a trend. “Sorry, folks,” begins the post. “It [...]
Mark: Thanks for your
Mark:
Thanks for your email. We're glad to hear stories of companies like yours that still manufacture in the U.S.
Best,
steven
I am a U.S. manufacturer who
I am a U.S. manufacturer who has competed head to head with offshoring since NAFTA began. Although I turn down opportunities to outsource for more quick profit. I for one have stayed flexable, and detirmined to grow my business and maintain jobs for my legal American workers. Although not easy, this practice supports our American economy, and creates a balance in the world economy.