Executive Briefings

Manufacturers Returning to U.S. Must Find Ways to Finance Equipment Needs

Onshoring has become a major trend in the United States. U.S.-based companies are increasingly pulling their overseas manufacturing efforts and setting up shop in the States. How are they meeting their needs for heavy equipment?

In fact, since 2010, more than 200 companies, most of which are U.S.-based, have brought back production that had been sent out of the country. In addition, foreign companies are increasingly bringing their manufacturing jobs to the United States. According to the Organization for International Investment, foreign investment in U.S. manufacturing totaled $493bn from 2007 through 2012, as opposed to a total of $270bn the previous six years.

Based on this revival of the U.S. manufacturing industry, more companies are now creating their products in the U.S., some even for the first time. As these companies work to set up U.S. operations while staying competitive in the marketplace, the need for creative financing solutions for a wide variety of manufacturing equipment has emerged as a priority.

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In fact, since 2010, more than 200 companies, most of which are U.S.-based, have brought back production that had been sent out of the country. In addition, foreign companies are increasingly bringing their manufacturing jobs to the United States. According to the Organization for International Investment, foreign investment in U.S. manufacturing totaled $493bn from 2007 through 2012, as opposed to a total of $270bn the previous six years.

Based on this revival of the U.S. manufacturing industry, more companies are now creating their products in the U.S., some even for the first time. As these companies work to set up U.S. operations while staying competitive in the marketplace, the need for creative financing solutions for a wide variety of manufacturing equipment has emerged as a priority.

Read Full Article