Aug 20, 2014
We’ve been hearing this for the past three years: multinationals are moving to the U.S. to manufacture goods of all kinds. China’s days as the globe’s low cost producer are over. Hurrah for labor.
Not so fast.
One reason why manufacturing is returning to the U.S. is stagnant wages. Other reasons are because of logistics, location to other markets the manufacturer is targeting, and high productivity due to automation.
Still, the good news is that manufacturing is returning to the U.S. In fact, the new global hot spots for widget making assembly lines are right here in North America, led by us and our Mexican neighbors.
A new report by the Boston Consulting Group called the U.S. and Mexico the “rising global stars” of worldwide manufacturing.
More from Forbes.