Bringing manufacturing back to America
from Minnesota Public Radio
For a growing number of American companies, offshoring manufacturing work is becoming less of a benefit for business. So they're bringing them back to the U.S. The practice is called "reshoring" or "insourcing." More companies are finding a better deal keeping jobs close to home. According to a Boston Consulting Group report, five million manufacturing jobs could be created in the United States by the end of the decade as the country is fast becoming the lowest-cost producer in the developed world. Many of these jobs will come from European countries and Japan as the U.S. is expected to have a cost advantage of up to 25 percent by 2015 over Germany, Italy, France, the United Kingdom and Japan.
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