- Reshoring U.S. Jobs (AreaDevelopment.com)
"If you think the key to profitability is to outsource or locate operations overseas, think again. While many growing U.S. companies have sought greener pastures outside the nation’s borders over the past couple of decades, the tide is turning. An increasing number of businesses are now looking to bring jobs back to the United States." 05-12
- Reshoring U.S. Jobs Initiative (ReshoreNow.org)
"The mission of the Reshoring Initiative is to bring good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, and shift collective thinking from ‘offshoring is cheaper’ to ‘local reduces the total cost of ownership.’ " 05-12
- Reshoring U.S. Jobs: An Example (The Wichita Eagle)
"More than three years after the factory closed, Cochrane reopened them for a new venture, Lincolnton Furniture Co. Earlier this year, a small work force of about 55 – including several who’d toiled for his late father under the same roof – built the company’s first bedroom and dining room pieces, shipping them to stores with a flag-decorated 'Made in America' tag."
"Lincolnton is part of a small but growing trend called 'reshoring' – a reverse migration of U.S. manufacturers from the Far East (mostly China) to West. With rising labor and shipping costs in China, companies producing appliances, cookware, audio earphones, water heaters and other goods have decided it makes economic sense to move some (or all) of their operations back to U.S. soil." 05-12
- Reshoring U.S. Jobs: Not Happening Soon (Financial Times)
"Reshoring is the economic idea of the moment. The idea is simple. The costs saved by manufacturing goods in China will disappear as Chinese wages rise, leading manufacturing jobs to 'reshore' themselves back home to the west. A rise in the renminbi would accelerate this process."
"But reshoring will not happen. For a start, wages will not rise quickly in China, where 34m urban factory workers are paid an average of $2 an hour. A further 65m factory workers in town and village enterprises average just 64 cents. They would be delighted to work for $2." 05-12