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Report Says Manufacturing Will Return to the U.S.
Issued at 2011-11-21
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Rising Chinese wages, higher U.S. productivity and a weaker dollar will close the gap in pricing between U.S. and China for many goods consumed in North America within five years.
According to “Made in America, Again,” a report issued by the Boston Consulting Group, Boston, those three factors, among others, predict a coming rise in U.S. manufacturing.
The authors advise companies to “undertake a rigorous, product by-product analysis of their global supply networks that fully account for total costs, rather than just factory wages. For many products sold in North America, the U.S. will become a more attractive manufacturing option.”
Source: Modern Casting
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