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The Renaissance of American Manufacturing

and The New Reallocation of Global Manufacturing

Hal Sirkin of the Boston Consulting Group discusses the rebirth of manufacturing that is underway in the U.S., partly because of the erosion of China’s manufacturing cost advantages, especially for wages, which has started bringing manufacturing production and jobs back to the U.S., reversing a decade-long trend of outsourcing production overseas.

I don’t think too many of us saw this coming this quickly, and I think we also thought that we’d see manufacturing move to third-world countries first.  Just remember, destroying the currency is a good way to get these projects off-shored again.

Posted in Economics.

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