For manufacturers, Mexico is heating up. According to a recent survey from AlixPartners, 41 percent of manufacturing and distribution executives globally believe that bringing production back from overseas – a strategy known as nearshoring – is an opportunity for their organizations, and 86 percent of that group report that they have nearshored or expect to within the next few years.
Many mid-sized U.S. cities and other areas now make attractive alternatives to India and other offshore locations for companies considering consolidating finance, IT and other business services operations for shared service or global business services centers, according to new research from The Hackett Group.
The U.S. manufacturing industry is in the midst of a comeback. Manufacturers are gladly shifting from securing demand to meeting demand. However, reworking the U.S. transportation infrastructure is essential to the success of this progress.
Over the past few decades, the electronics components industry has seen countless companies pursue production overseas in an effort to reduce costs. OEMs have gone abroad to find the best value-added locations for building boards via offshoring: mainland China, Southeast Asia, and more recently Eastern Europe. However, this trend is shifting.
Some of the biggest gains in U.S. exports due to a widening U.S. production-cost advantage over leading Western European nations and Japan are likely to be seen in chemicals, machinery, and transportation equipment, according to a report by The Boston Consulting Group.
American manufacturing to the rescue? Who could have imagined that? It wasn't so long ago that this sector was said to be on its deathbed. Now we're hearing that manufacturing is the "key driver" of what's passing for an economic recovery in this country.
Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs and an estimated $100bn in annual output in a range of industries, according to a new report by The Boston Consulting Group (BCG).