From "Made in China" to "Made in the USA"
As labor costs rise in China — along with steep fuel and transportation costs to ship merchandise back home — the idea of making goods in the U.S.A. starts to look better to American companies, a recent study by The Boston Consulting Group found. U.S. suppliers also are closing the gap in relative costs by operating more efficiently here.
“We’re not saying that factories in China will close,” said Mike Zinser, a partner who leads Boston Consulting Group’s manufacturing work in the Americas. “There will still be huge demand for serving the Chinese market and the rest of Asia. But in terms of supplying North America, China will no longer be the default option.”
U.S. manufacturing advantages include a better-skilled workforce, ease of security and other logistical advantages “that will make the U.S. a better option for many companies,” wrote Justin Rose, co-author of the Boston Consulting study. It lists transportation goods, including vehicles and auto parts, household appliances, and furniture among seven sectors that could return up to 3 million manufacturing jobs to the U.S."