Executive Briefings

Rising Wages, Hidden Costs Bring Manufacturing Back to U.S. Shores, Paper Says

There is a resurgence of manufacturing in the United States as the allure of offshore sourcing begins to fade. Several studies released this year by major consulting firms, and articles in a variety of publications have noted the rise in U. S. production. Examples range from Fortune 500 giant Caterpillar Inc. to toy manufacturer Wham-O Inc., which are either expanding operations here, or bringing back production from offshore suppliers, according to a white paper from the North American Die Casting Association (NADCA). Die casters are seeing a similar trend, with nearly a quarter of NADCA members reporting they gained new business that had previously been sourced offshore.

Resolving the many issues affecting U.S. manufacturing and domestic production is a difficult problem affected by many economic, political and even social factors. The complexity of the issue precludes any quick fixes. But the recent trend to onshore production indicates that many business leaders are beginning to more fully understand all of the ramifications of moving business offshore.

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There is a resurgence of manufacturing in the United States as the allure of offshore sourcing begins to fade. Several studies released this year by major consulting firms, and articles in a variety of publications have noted the rise in U. S. production. Examples range from Fortune 500 giant Caterpillar Inc. to toy manufacturer Wham-O Inc., which are either expanding operations here, or bringing back production from offshore suppliers, according to a white paper from the North American Die Casting Association (NADCA). Die casters are seeing a similar trend, with nearly a quarter of NADCA members reporting they gained new business that had previously been sourced offshore.

Resolving the many issues affecting U.S. manufacturing and domestic production is a difficult problem affected by many economic, political and even social factors. The complexity of the issue precludes any quick fixes. But the recent trend to onshore production indicates that many business leaders are beginning to more fully understand all of the ramifications of moving business offshore.

Read Full Article