Outsource Manufacturing Has a Key Role in the U. S. Economy of the Future
Posted: October 27, 2011 by Lauren Powers in: Blog Posts
A recent article in the Huffington Post talks about an upcoming “renaissance” in. Outsource Manufacturing – Made In San Diego is a step ahead, as we are already manufacturing products for several companies who have brought their business back to the US from China. We are prepared to support additional companies who choose to play a part in this expected US manufacturing “renaissance”.
Here are some highlights from that article:
“As wage levels and other costs in developing countries rise faster than ours, some production capacity is returning to the United States. A recent BCG study found: “Within the next five years, the U.S. is expected to experience a manufacturing renaissance as the wage gap with China shrinks and certain U.S. states become some of the cheapest locations for manufacturing in the developed world.” Foreign producers, such as Volkswagen, BMW, Honda, and Siemens, are validating this reality by moving production to the United States and exporting from this base; and Caterpillar, NCR, and others are moving production back to the United States.”
“What can we do to ensure a “renaissance” in manufacturing? My list would include: improving science, mathematics, and technical training; upping our investment in basis scientific research and helping get our technological lead from the lab to the factory floor… using U.S energy resources as an engine for growth; and adopting a more positive attitude toward the future of this sector lest we discourage the best and brightest from entering the field”