Manufacturing: Bringing the Work Back Home
Results from a recent survey confirm that a significant number of large manufacturers are considering reshoring from China to the United States. Among other factors, companies cite logistics and rising Chinese wages as reasons for reconsidering where they manufacture.
Early Birds and China’s Roaring Mouse
Key word: Evolution. In the next decade, western manufacturing leaders will experience a tectonic shift in the competitive environment. Threats abound - in home markets and in the emerging country markets that have provided recent growth. Circumstances require a change in the way companies conduct business. Those that thrive will be those that adapt. In the past, oversized reptiles died because they were clueless. Today, Blue Canyon Partners offers information that will help American businesses from treading the dinosaurs’ path.
US Industry: Be Ready for a Manufacturing Renaissance
What goes around comes around. Research recently released by the Boston Consulting Group (BCG) provides good news for the United States: Millions of jobs could return to America this decade, as labor costs in China continue rising (and erasing the attraction of offshoring). But which industries will benefit most from this renaissance and what economic impact will they have? BCG’s Harold L. Sirkin, Michael Zinser, Douglas Hohner and Justin Rose share their thoughts for this article.