Repatriating Jobs: U.S. Manufacturing Gains Momentum
Harold L. Sirkin
Maybe the once-ubiquitous label, “Made in the U.S.A.” should be updated to: “Made in the U.S.A.—Again.”
According to a survey by my firm, Boston Consulting Group, 37 percent of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the U.S., or are “actively considering” doing so. The rate was even higher, 48 percent, among executives at companies with $10 billion or more in revenues. This is the first time we’ve surveyed executives on this topic, but five years ago almost no one talked about reshoring. It was all about outsourcing.