*Reshoring*- Gaining steam as more companies bring manufacturing back stateside
The reverse migration of manufacturing from China to the U.S.—known as reshoring—appears to be gaining momentum. What began as a trickle with companies like NCR and Ford announcing their intent to bring back manufacturing jobs from China to the states, has now become an unmistakable trend.
A recent survey of U.S. executives, published by The Boston Consulting Group found that more than half (54%) already have plans to bring production back to the U.S. or are actively considering it. Asked the same question in February 2012, just 37 percent of respondents were considering such plans.
There are several reasons executives cite for the reshoring decision. Chief among them are labor costs, proximity to customers and quality. Throw in other factors, such as skilled labor, transportation costs, and supply-chain efficiencies and you realize quickly that reshoring is more than just a buzzword; it’s a fact of life.
Increasingly, when these corporate decision-makers look at all these factors and add up the total costs, a distinct and growing U.S.-based advantage appears.
For anyone working in this industry, this trend presents a rosy picture for future employment opportunities.
If you work in manufacturing now and are thinking about a career move, this might be the perfect time to contact us.
At Key Corporate Services, our manufacturing specialists will work to help you take advantage of this trend and land the perfect position.
From The Key Corporate Services Blog Team