‘Reshoring’ reduces both administrative and legal costs, as well as the cost of overheads. Recently, we reported on a company in China who brought in robots to counteract labour costs. Read more here.
Reshoring News
The reasons for this flight from the peso are based around the fear that the new Trump administration will adopt protectionist trade measures to reshore US jobs lost to globalization. The US is Mexico’s biggest trading partner and President-Elect Trump …
That’s if the Republican makes good on his pledge to reshore overseas jobs back to the United States. Among Trump’s key economic pledges was to repatriate more than a trillion dollars in overseas profits by offering a tax rate of just 10 per cent.
“Reshoring” becomes more appealing with every technological advance in robots, since it reduces administrative and legal overhead as well as labor costs. And robots aren’t getting dumber, obviously. Advances in computer vision and artificial …
The offshoring movement has been partially offset by reshoring, in which companies bring some manufacturing back to the U.S. As Shoff and others discussed in an October Business Journal article, product lines that return to — or remain on — American …
As many of these lower-skilled jobs had already disappeared in developed countries, the effect of automation and reshoring could bring about extreme losses in developing countries. The use of robots will reduce the value of human labour in these settings …
Harry Moser, president of the Reshoring Initiative, is more optimistic that Trump could deliver, but said Trump would have to be in it for the long haul:”You can’t do it in a day, you can’t do it a year. I’d be delighted if we can do it in a decade …
On his blue collar ticket, Mr Trump has threatened to tear up international trade agreements and pursue an aggressive policy to reshore jobs. Neil Wilson at ETX Capital described “chaos” beginning to set in, prompting investors to take shelter.
It undermines the advantage of low wages and facilitates the “reshoring” of industries back to industrialised countries. The solution? Build your own robots, the report says. “The increased use of robots in developed countries risks eroding the traditional …
But this time, these relics will be filled with robots making things. Automation is making these outsourcing companies reshore: They’re bringing the jobs back to their own countries, and taking advantage of the next cheap-labor frontier — robots.
