After years of clawing-back, American manufacturers are celebrating the close of 2013 as reshoring finally hit the main stream.
2013 marked a pivotal year for reshoring as more companies returned their manufacturing efforts to the United States. According to Manufacturing.net, the ability to reshore has become a real possibility for more companies as a number of global macroeconomic factors tip in favor of US manufacturing, such as international:
Nearshoring is gaining more traction as companies seek cost-effective solutions.
For decades US companies have outsourced their manufacturing to China and other Asian countries. Now, many of these companies are realizing that offshore production may not be as profitable as it once had been. In fact, many companies are relocating their offshore manufacturing business to nearshore partners in Mexico and Latin America to overcome the increasing costs of doing business in faraway countries like China.
Celebrated on the first Friday in October, MFG Day provides an opportunity for US manufacturers to open their doors and share what manufacturing is — and what it isn’t.
In recognition of the vital role American manufacturing plays on the US economy, today, McCain celebrates national Manufacturing Day by honoring the hardworking men and women that make the American manufacturing industry thrive.