Michigan-based Collegiate Bead Company
, manufacturer of college and sorority beads, bracelets, and charms, is featured in the CBS Evening News segment above, and in this Detroit Free Press
article. It's an example of the reshoring trend now underway in the U.S. where manufacturing production and jobs are being brought back to the U.S. from China and other low-wage countries.
Reasons? China's cost advantages are shrinking due to rapidly rising costs there for wages, inputs, and commercial real estate, along with higher oil prices that have increased shipping costs. Then you add in quality issues (Collegiate Bead was rejecting up to 30% of the Chinese-made products), delivery delays, time and language differences, poor safeguards for intellectual property rights and American manufacturers are finding that China is not such a great deal any more, and manufacturing goods for the U.S. market at home now makes more sense than in a generation.