This paper focuses on What It Takes to Reshore Manufacturing Successfully. For this group discussion, read the article and provide insight that will add value to the topics it addresses.
What It Takes to Reshore Manufacturing Successfully
For this group discussion, read the article and provide insight that will add value to the topics it addresses. For example, you may agree or disagree with one or more points being made regarding the benefits and challenges of re-establishing manufacturing
https://sloanreview.mit.edu/article/what-it-takes-to-reshore-manufacturing-successfully/
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What It Takes to Reshore Manufacturing Successfully
The data on comparative labor and energy costs may seem compelling. But the process of bringing assembly work back to domestic factories from abroad is substantially more challenging than the economics alone would predict.
Firstly, rising labor costs in China and other emerging economies. Secondly, high supply chain and logistics costs. Further, wide differentials in the costs for electricity and natural gas in different parts of the world are provoking a fresh round of relocation of manufacturing and production. While some labor-intensive jobs are moving out of China to Southeast Asia or the next emerging low-cost regions, some high-profile manufacturing work is returning to the United States, to the cheers of some who are proclaiming the beginnings of a manufacturing renaissance.
Wal-Mart holds supplier conferences to promote “Made in U.S.A.,”
The retail giant encourages manufacturers to commit to producing in the United States by promising to purchase $50 billion more in U.S. manufactured goods in the next 10 years. It is targeting the reshoring of products made for its stores by trying to facilitate. Also, accelerate reshoring efforts among its suppliers. Consultants proclaim the reemergence of the United States as a competitive place for manufacturing. There are pushing their services with reshoring conferences, reports and lots of advice.
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