In a sharp reversal from years past – America is actually INSOURCING manufacturing jobs again. Companies are finding transportation and energy costs are climbing and costing them more money in the long run. As we have written – America has created nearly 500,000 jobs since January of 2010…stopping the hemorrhaging of job losses for blue collar workers.
The Financial Times brings us the news – article HERE:
Two-thirds of big US manufacturers have moved factories in the past two years, with the most popular destination being the US, according to a survey being released on Monday by Accenture, the consultants.
Some 65 per cent of the senior executives questioned by Accenture said they had moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the US. China was the second destination for relocated factories, with 28 per cent, followed by Mexico with 21 per cent.
Rich Bergmann, managing director of Accenture’s manufacturing practice, said the respondents cited freight and the speed of fulfilling orders as their main motivators for moving factories. The survey demonstrated that manufacturers are increasingly moving production closer to end-markets, he said.
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