While much of today’s news deals with America’s decline, there is hope we can stimulate our economy, create manufacturing jobs and pay down our national debt by increasing our manufacturing and energy production. While goods were once proudly “Made in America,” many of our manufacturing plants are shuttered. When we go to […]
Reshoring News
Additive Manufacturing Transforming Manufacturing Additive manufacturing or 3DP is becoming mainstream; it has the potential to bring jobs back to the U.S. and add to the nation’s global competitiveness, but challenges must also be addressed. According to a recent report from PricewaterhouseCoopers, 3D printing (3DP), also known as additive manufacturing, may be triggering a transformation […]
By Timothy Aeppel CONNECT America is now luring as many factory jobs back from overseas—a process known as reshoring—as it’s losing to continued offshoring. Stanley Furniture employees at the company’s Robbinsville, N.C., factory. The factory is in the process of shutting down and shedding workers. Shawn Poynter for The Wall Street Journal That’s the assessment […]
In 2003, an estimated 150,000 factory jobs left, while only 2,000 were brought back. “We say the bleeding has stopped,” says Harry Moser, president of the group. “But the patient is still missing about 1 million workers—like liters of blood.”
Print PDF At every conference or trade show I attend, there is one question that’s always asked: Is manufacturing returning to America? There has been considerable press about companies looking to re-shore, Walmart has publically announced its commitment to bring production back to America, and luxury e-tailer Everlane, known for its “radical transparency,” highlights each […]
Here in the United States, many economists believe that one of the major economic impacts of 3D printing, along with robotics, will be the repatriation of jobs. Jobs which companies in the U.S. may have outsourced overseas, particularly to China, may begin coming back onshore, as corporations begin bringing their manufacturing hubs back […]
Posted on June 20th, 2014 A new Commerce Department report says the U.S. manufacturing sector has turned a corner, with outputs and exports surpassing pre-recession peaks and employment growing for the first time since 1998. For the first time in more than 10 years, output and employment are growing steadily, the department’s economics and statistics […]
For many years and even decades, the U.S. manufacturing sector has cued thoughts of economic decline, heavy job cuts, dark “Dickensian” facilities and a hopeless outlook in collective minds. But in recent years, the foundation has been developed for the industrial landscape to improve, and a handful of buoyant factors have accomplished what had been […]
For years, companies have engaged in “labor arbitrage,” seeking lower wages outside of the United States. But many firms are looking to reshore or expand U.S. operations because the global economic landscape is changing. Managers are learning that there are often hidden costs to operating abroad. Low-cost energy and highly productive workers are changing the […]
By Angela Ma, Jim Qiao and Eunice Ku, Dezan Shira & Associates For foreign companies with subsidiaries in China, repatriating cash from their subsidiaries has always been an important and challenging issue. There are several ways of repatriating cash from China, the most obvious being for a company’s entity in China to pay dividends directly […]
