American Manufacturing: Is it Really Coming Back?
I just read an article in the Atlantic that represents an idea I'm seeing more and more in writing about American manufacturing: There's a chance it might be coming back for good.
Rising Chinese wages, manufacturing innovations and over-commodification of certain items all seem to be pulling companies back to building in the USA. Higher wages for labor obviously cut into margins and defeat the whole point of outsourcing. Companies like Nike, once famous outsourcers, are figuring out amazing, labor-reducing ways to build their products that could lead to much more feasible U.S. production. And over-commodification screws companies in a number of ways, but mostly in the way that if everything costs the same and is built from the same stuff, how do you market your products in a meaningful way?