MFG.com Blog

Onshoring Update from Fox Business News

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In this video, Cliff Waldman, and economist with the Manufacturer's Alliance, is interviewed about why companies like Caterpillar and GE are reassessing their original offshoring decisions based on total landed costs - extended supply chain, logistics, intellectual property protection, training and other unexpected costs. More and more companies are finding that onshoring or backshoring production and rethinking the US as a production platform actually save money.

 

Even though labor and land costs are often lower in other countries, stability and quality are becoming more important - especially now that Lean is gaining favor with all manner of US manufacturers.

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