Manufacturing coming back to US

 

A recent survey showed that the US is going to match Mexico as an attractive location for manufacturing in regards to labor and operational cost. The new research noted that the cost of importing manufactured products from China will be the same as manufacturing them in the US by 2015.

Most manufactures and business owners (more than 50%) prefer to have business near shoring as it offers several advantages; closer to end markets; better legal and regulatory transparency; and lessens concerns about security and corruption. Moreover, many American manufactures have a growing concern about the insecurity of intellectual property in China and prefer to keep production at home.

In general, American manufacture may come at a lower-cost in terms of quality, delivery, transportation, energy consumption, labor, monitoring, stock, freight, packaging, and all other aspects of production. Energy costs play a central role in reducing operational costs and increasing American manufacture. So, we should thank the US Department of Energy for all the programs they have implemented to decrease energy usage through development of improved energy-efficiency technologies, and for sponsoring retrofit incentive programs that have helped manufacturing to become more competitive.

David Sims (2013) ” U.S. to Match China in Manufacturing Attractiveness by 2015” retrieved from https://news.thomasnet.com/IMT/2013/05/09/u-s-to-match-china-in-manufacturing-attractiveness-by-2015/