For nearly two decades, US manufacturers saw China as an optimum location for assembly operations – but reshoring from China is becoming a new trend. Due to a myriad of factors – from labor prices to fuel costs to infrastructure – US manufacturers are now bringing their operations back home. The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular.
In spite of a general trend towards less manufacturing in the United States, the US manufacturing sector is doing well. Output is increasing, value is on the rise, and some areas in the US are experiencing significant growth in the manufacturing sector.
Renegotiations have concluded for the new NAFTA deal, and all three countries are declaring the agreement a victory. US President Trump long derided NAFTA as a failure and a liability for the US economy. He campaigned on a promise to scrap the North American Free Trade Agreement and replace it. But how different is this […]
With US President Donald Trump’s tariffs going into effect, manufacturing in China is becoming more costly and problematic. Firms looking to remain competitive and to keep production costs low while selling to the US market have real concerns about remaining in China. For some, a new alternative is beginning to look a lot more attractive […]
More jobs are coming to the United States from an unlikely source – China. Typically known more for competing with the United States for jobs, there has been a recent slurry of manufacturing leaving China headed for more profitable shores. It seems rising wages and fuel costs are driving the shift to a large extent. […]
US President Trump’s tariffs on foreign steel and aluminum imports recently went into effect, leading some to ask what comes next for steel prices. Will the tariffs benefit the average American worker? Or will the new cost of steel inputs hurt American manufacturing jobs? Will steel prices remain stable, rise slightly, or spike? Will the net effect be positive or negative for the US economy?
The process of successfully submitting military manufacturing bids can be long and daunting. But it doesn’t have to be. Ultimately, the entire procedure can be summarized in five simple steps that we will detail below. The Need for Military Manufacturing The United States defense industry relies heavily on US companies for military manufacturing. And this […]
We’re all familiar with the negative statistics about the state of employment and manufacturing in the United States. The consensus is that the US doesn’t manufacture anymore. But this simply isn’t true. US manufacturing is on the rise, and though conservative at present, the number of manufacturing jobs returning to the US is also on the rise.