Factories Moving Back To US

Bernadette - May 21 2012, 10:20 PM

It turns out 'reshoring' is real. "Two-thirds of big US manufacturers have moved factories in the past two years, with the most popular destination being the US, according to a survey being released on Monday by Accenture, the consultants.

The report provides some of the first industry-wide empirical evidence of 'reshoring,' the trend of jobs once outsourced to low-cost emerging economies being brought back to the US. Although the subject has received much attention, with General Electric the most high-profile example, most of the evidence so far has been isolated and anecdotal...Some 65 per cent of the senior executives questioned by Accenture said they had moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the US. China was the second destination for relocated factories, with 28 per cent, followed by Mexico with 21 per cent." Hal Weitzman in The Financial Times.

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