Blog Post

25 June 2015

REVERSE STRATEGY:  US MANUFACTURER ARE SEEING RESURGENCE IN MADE IN THE USA

The trend of outsourcing to overseas suppliers and contractors is losing some of its luster. Many businesses are returning to U.S. manufacturers — also known as re-shoring — to obtain goods faster and at lower costs than foreign suppliers can offer. Moreover, “Made in the USA” tags can win over domestic customers who want to feel good about their purchases.  Made in the USA is hot again, and the number of manufacturing jobs that are returning to the USA — or coming to the USA for the first time — from overseas has hit a record level.  Market Watch stated “Sixty thousand manufacturing jobs were added in the U.S. in 2014, versus 12,000 in 2003, either through so-called reshoring, in which American companies bring jobs back to the U.S., or foreign direct investment, in which foreign companies move production to the U.S., according to a study from the Re-shoring Initiative. In contrast, as many as 50,000 jobs were “offshored” last year, a decline from about 150,000 in 2003. SOURCE: MarketWatch