Manufacturing Jobs Returning to U.S.
From its inception to today, manufacturing has transformed. From individual companies producing and distributing their own products to a complex global network of manufacturing facilities, suppliers and distributors. Because of this global network, manufacturing has become a worldwide open market. Production has been delegated to counties with cheaper labor costs to gain the advantages a company needs in the current market.
As technology has transformed the modern manufacturing plant, whereas human labor is being replaced by technological advances, manufacturing facilities are returning to the US. The US has redesigned the production facilities, and the labor force requires a higher skill level in order for the plant to not only operate but operate effectively.
The manufacturing jobs that are returning to the US are higher skill and less physically intensive. The jobs with the highest physical labor costs are routed to the low-cost labor nations such as China, Indonesia and Slovakia.
There is a huge Reshoring Initiative that works to bring manufacturing jobs back to US soil. The top reasons for reshoring are a higher skilled taskforce, lower inventory (which reduce storage costs), higher product qualities and consistency, minimal intellectual property and regulatory compliance risks.
Some of the largest companies in the United States are reshoring back to US soil. This list includes Apple, Boeing, Ashley furniture, Ralph Lauren, Starbucks and Under Armor. There has been an estimated 750,000 jobs brought back to the US from January 2010 to present day.
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