Some situations, no matter how bad, are so enduring they’ve almost become accepted as a normal part of the global political and economic landscape. I mean, can anyone remember a time when there wasn’t strife in the Middle East? Or how about serious issues related to the environment? There’s been lots of talk about ‘saving the environment’ for decades, but relatively little action. #-ad_banner-#Then there’s the outsourcing of good-paying manufacturing jobs to foreign locations. This, too, is a decades-old issue, with many manufacturing tasks increasingly going to China, Southeast Asia, Mexico and other developing regions simply because it was so… Read More
Some situations, no matter how bad, are so enduring they’ve almost become accepted as a normal part of the global political and economic landscape. I mean, can anyone remember a time when there wasn’t strife in the Middle East? Or how about serious issues related to the environment? There’s been lots of talk about ‘saving the environment’ for decades, but relatively little action. #-ad_banner-#Then there’s the outsourcing of good-paying manufacturing jobs to foreign locations. This, too, is a decades-old issue, with many manufacturing tasks increasingly going to China, Southeast Asia, Mexico and other developing regions simply because it was so much cheaper, making it easier for U.S. companies to simultaneously generate strong profits and offer lower prices on their products. But this is one area where things have actually started to change. During the past few years, roughly 200 domestic companies began bringing manufacturing jobs back to the United States in a relatively new trend increasingly referred to as “reshoring.” What’s more, about half of all manufacturing firms with more than $1 billion of annual revenue are considering reshoring part or all of their production, according to the Boston Consulting Group (BCG), a leading management consulting firm. This includes plenty… Read More