A group called the Reshoring Initiative estimated that over the past five years, as many as 100,000 factory jobs have returned from overseas. But some in manufacturing are skeptical.
“There is simply not a consistent data set where I graph the reshoring variable and show it to people, which I would love to do,” said Cliff Waldman director of economic studies with the Manufacturers Alliance for Productivity and Innovation Foundation.
Waldman said some U.S. manufacturers are eyeing rising labor costs in China or governance issues in Brazil and deciding not to build factories there.
“But that does not mean they're closing out the factory in China and bringing that factory back home,” he said.
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