Mark Perry points out an article about a company called Taphandlers that moved their production to the US from China because the cost advantage had disappeared.
The post: “Back in the USA” –Seattle Manufacture Provides A Lesson on Reshoring. Expect More of It. Lots More.
Reasons summarized:
- big increases in labor costs
- long lead time due to shipping
- currency appreciation
- increasing shipping costs
Summary of summary:
Look for more and more manufacturing production to come back to the U.S. from China in the future, as China’s once-significant labor cost advantage continues to shrink.
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