Strength of U.S. Manufacturing to increase
Posted: May 27, 2011 by Lance McCann in: Uncategorized
Great piece on U.S. Manufacturing makes some great points.
•Rising wages in China plus the strengthening yuan are eroding China’s cost advantage vs. the U.S.
•America’s “very productive, motivated and flexible workforce” is attractive to employers and all aspects of U.S. society — including unions and state governments — are “focused on creating jobs.”
•Intangibles such as the length of the supply chain and the challenges of communicating over multiple time zones work to the advantage of the U.S. (The same is true of Mexico, which BCG says is “also poised to benefit as a low-cost alternative” to China.)