Source: NPR

Category: Employment, Video

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7 Responses to “More U.S. Companies Are ‘Reshoring’”

  1. phantomfivefive says:

    No mention of manufacturing automation, which–hello!–is what is enabling this emerging trend. But the upshot of that is that “reshoring” doesn’t necessarily mean domestic job creation in significant amounts. And that would be kind of a killjoy on this feelgood story.

  2. krice2001 says:

    Cool, Barry. My brother-in-law from BCG is interviewed for this piece. Didn’t even know, though he has been working this re-shoring area for a while.

  3. patfla says:

    There are many, many things enabling the trend. One is rising labor costs in China. Another is proximity to the customer. Transportation costs around the world are rising. Sea transportation used and uses bunker oil – which is extraordinarily dirty and there’s great environmental pressure to stop using it.

  4. willid3 says:

    one take on this

    sort of over looks that the majority of service jobs dont pay as much the lower price manufacturing jobs do.

  5. TerryC says:

    History of cheap junk since WWII. Japan-middle class, too expensive. South Korea-middle class, too expensive. Taiwan-middle class, too expensive. Hong Kong-middle class, too expensive. China-approaching middle class, too expensive. Next on the list, India, Vietnam, Bangladesh, Malaysia, Philippines. As each society prospers, people want more and won’t settle unless they get a bigger piece of the pie. So manufacturers are always moving on to greener pastures. It’s the way of industry.

    My now gone parents had a friend from northern Illinois back about 1977. He was a farmer and also part owner in a small town grain elevator/Coop. He and some other Illinois farmers went on a trip to agricultural China. Gave us a slide show when he got back. At that time, the poverty in rural China was astounding. Something he told us that I remember to this day. The average Chinese farmer peasant he met on that trip told him they wanted two things out of life- a bicycle and a radio. Goes to show you how things have changed over there in just 35 years or so. My guess is you wouldn’t even get this low of an expectation from the average peasant in Bangladesh today. Everybody wants more, and as they produce more, it gets more expensive to produce in that society. Progress marches on.

  6. Willy2 says:

    One reason manufacturing is coming back to the US, is the rising Yuan/USD. But actually expect the yuan to go lower in the next years.

  7. victor says:

    The US shale boom is also stimulating investment in industries that have high energy costs, particularly petrochemical production.