U.S. manufacturers abroad are homeward bound
Tuesday, September 24, 2013 11:02 AM
The 'Made in America' revival is gaining momentum with a majority of manufacturing executives now ready to consider pulling some production back from China, CNNMoney reported. A new survey published today showed a jump in recent months in the number of companies considering "re-shoring" production from China, once favored for its low costs. The number of firms that have shifted manufacturing to the United States from China, or will do so in the next two years, has nearly doubled over the past 18 months. The survey found that the three main drivers of the trend are labor costs, product quality and a desire to be closer to customers.