In my previous blog, “Made in the USA, again,” I discussed a report from BCG which claimed that by “by 2015 manufacturing in some parts of the US will be just as economical as manufacturing in China.” While this may sound very encouraging, 2015 may be a bit overly-optimistic. Even one of my colleagues tweeted about my blog: “2015 seems too early and not sure I agree.”
This issue, and BCG’s report, were reported recently in my favorite magazine (I know, I know — they refer to themselves as a “newspaper”), The Economist. Read More »
Tags: BCG, Cisco, inventory costs, labor arbitrage, Made in America, supply chain, US manufacturing, yuan
Finally, some good news. Amidst the standard fare of predictions of the inevitable decline and fall of US manufacturing, an interesting and encouraging 2011 report has been authored by the Boston Consulting Group (BCG) called “Made in America, Again.”
According to the report, “Manufacturing is expected to return to America as China’s rising labor costs erase most savings from offshoring.” As US states become cheaper locations to manufacture goods compared to other developed countries, the report suggests that by 2015 manufacturing in some parts of the US will be just as economical as manufacturing in China.
The key reasons listed are: Read More »
Tags: BCG, China, Cisco, infrastructure, innovation, labor costs, Manufacturing, manufacturing renaissance, offshoring, outsourcing, reinvestment