U.S. Manufacturing's Comeback
Two recent articles underscore what we have been saying about “on-shoring” manufacturing. In an analysis by the Boston Consulting Group, U.S. manufacturing is expected to increase during the next 5 years due primarily to rising labor costs in China. This, combined with higher transportation costs as global fuel prices rise, means good things for U.S. manufacturing.
Concurrently, an article in Forbes notes that manufacturing has grown consistently over the past 21 months, and that several of the fasted-growing industrial areas are in the upper Midwest, particularly in Indiana, Michigan, and Ohio. The article states that lower prices have helped U.S. exporters gain sales abroad, and that the Midwest’s specialized skills in fields like auto parts are in demand by the developing world. We expect to see continued auto manufacturing investment occurring in the ACP region in the coming years.
Links to each article are below.
Boston Consulting Group – Made in the USA, Again
Forbes – Manufacturing Stages a Comeback
