NEWSFLASH: Domestic Manufacturing Gains Momentum

08 Nov Posted by in Swag Projects | Comments
NEWSFLASH: Domestic Manufacturing Gains Momentum
 

Call it a comeback!  A survey by Boston Consulting Group found most large U.S. companies now plan to move some production to America from China and other countries, or are “actively considering” the move.

Also, the survey found that the number of firms that have shifted manufacturing to the U.S. from China, or will do so in the next two years, has nearly doubled in the past 18 months.  Boston Consulting Group identified three main drivers of the trend: increasingly favorable domestic labor costs, product quality, and a desire to be closer to customers.

What does this mean for the advertising specialty industry?  Well, for starters, it means faster production times, often making orders available to ship in as quick as 24 hours instead of 5 business days.  It also translates into quicker and more economical delivery times and prices.  Add that to the creation of more local industry jobs and all we see over here is a win-win situation!