Tuesday, August 30, 2016

Companies Bringing Manufacturing Jobs Back to US

And not a moment too soon!

From Jan, 2010 until July 2016 the Reshoring Initiative estimates that 265,000 jobs have come back to the United States from abroad.

The Reshoring Initiative’s 2015 Reshoring Report found that the reasons companies gave for coming back to the U.S. included:

◦Government incentives

◦Ecosystems/localization

◦Proximity to customers

◦Skilled workforce

At the same time, companies cited lower quality, supply interruption (this category had the largest increase from last year), high freight costs and delivery as leading problems offshore. Cumulatively, rising wages and total cost have been major drivers in reshoring decisions.

Regionally, the trend remained strongest in the Southeast and Texas, but in 2015 the West displaced the Midwest to hold second place for most jobs shifted from offshore.

The following slides represent some of the companies that have brought jobs back. The list was compiled by the Reshoring Initiative for 24/7 Wall St. and is based on companies announcements.
I'd like to know more about those government incentives.  I

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