When it comes to manufacturing product for the world, China is now longer a low-cost country.

So says a recently published study by the Reshoring Institute of the labor rates in 13 countries (including the U.S.). It points to a rise in Chinese labor rates, but that’s not all that’s souring global manufacturers on the country. Geopolitical tensions, accusations of human rights violations in China’s Xinxiang Province, and a general awareness of the need to diversity sourcing — all are factors driving this dramatic shift in sourcing trends. On this episode, we discuss the survey with Rosemary Coates, founder and executive director of the Reshoring Institute and president of Blue Silk Consulting. So which countries stand to benefit from China’s loss? And will reshoring production to the U.S. finally make business sense? She has answers. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.

Show notes: 

The new Reshoring Institute white paper.