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Wells Fargo & Company Message Board

  • fbsbgillie fbsbgillie Feb 4, 2013 7:52 PM Flag

    Reshoring

    Zacks, " Although still only a trickle, ‘reshoring’, of manufacturing jobs is shifting some jobs back to the U.S. One survey by the Boston Consulting Group reported that 37% of large American employers were contemplating transfer of manufacturing from China to the U.S. Local U.S-based production is gaining ground on account of varied factors such as a lower logistics and inventory buffer, weaker dollar, lower transport costs and cheaper energy at home.

    Further, with wages going up over 15% each year in China along with stagnant pay in America, the wage differential is shrinking. In any case, the share of labor in total manufacturing costs has fallen to as low as 20% in some industries. In such a scenario, low wages are not vital any more for manufacturing widgets."

    FWIW

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