Offshoring, Reshoring and the Rebound in American Manufacturing, Business and Industry Trends Analysis

Competition from workers in such nations as Mexico, Indonesia, Thailand and, in particular, China, has been fierce.  For several decades, America’s manufacturing employment was declining while a vast amount of manufacturing has been sent overseas by U.S. firms. Today, however, some U.S. industries are experiencing reshoring, or the practice of moving formerly offshored tasks back to America.  As wages rise in countries such as China and India, a number of manufacturers are rethinking offshoring, taking into account higher productivity rates among American workers and higher instances of using cost-effective robotics in manufacturing.  Another factor fueling reshoring is energy costs, which…

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