(Adrienne Selko – IndustryWeek)
The numbers are growing.
More U.S. companies are moving production back from China, according to a new survey from The Boston Consulting Group (BCG).
This year 20% of the senior manufacturing executives at companies with sales of $1 billion said they are heading home from China. That compares to last year’s number of 13% to 16%. And these plans are already in the works as 24%, compared to 17% -20% last year, said they will take action within the near future. Furthermore, a majority (54%) expressed interest in reshoring, validating last year’s result (also 54%.)
“These findings show that not only does interest in repatriating production to the U.S. and creating American jobs remain strong but also that companies are acting on those intentions,” said Harold L. Sirkin, a BCG senior partner. Read more here.