Monday, October 24, 2011

Reshoring: Manufacturing is Coming Back to U.S.

Three examples:

1. "Globalization has come full circle at Otis Elevator. The U.S. manufacturer, whose elevators zip up and down structures as diverse as the Empire State Building and the Eiffel Tower, is moving production from Nogales, Mexico, to a new plant in South Carolina. More startling: Otis says the move will save it money."

2. "After having their products manufactured in China the past seven years, The Outdoor GreatRoom Company is bringing production back home to Minnesota."

3. "Not long ago, overseas plants produced half of Idaho-based Buck Knives’ output. Today they produce 25 percent. Buck Knives wants to keep moving production from China to Post Falls, Idaho over the next few years, company chairman Chuck Buck said. “I want to get out of China as quickly as I can,” he said.

Buck Knives is not the only Idaho company “reshoring” — the opposite of offshoring, and the buzz term for bringing jobs from abroad back to America. Ende Machinery and Foundry, owned by Ed Endebrock and his daughter Sue Edwards,has just started to make castings for a plant Endebrock owns in Lewiston that makes hydraulic pumps for trucks and other uses. He had been outsourcing that work to China."

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