GlobalAutoTV
Click to watch Margery Marshall - Global Mobility Strategies
Click to watch Margery Marshall - Global Mobility Strategies
global resources
Need an office somewhere in the world? Office suites, meeting rooms, virtual offices, network access



free downloads
GLOBAL: "Steel Sector Outlook: Expectations for the industry in today's economic context" 2010 repor

GLOBAL: "Steel Sector Outlook: Expectations for the industry in today's economic context" 2010 report. 12-page report by KPMG International.

proceed to download
eJournals




back to index backGLOBALtalk June,  2016


Could a Lack of Skilled Labor Slow the Reshoring Wave for U.S. Manufacturers?

U.S. manufacturing is on the rebound, having added more than 730,000 jobs since the end of 2010. And industry analysts expect the sector to create at least another 700,000 jobs by the end of the decade, according to the Manufacturing Institute.

Many of these jobs are the result of the return of operations to the U.S. from abroad, also known as reshoring. Companies are exhibiting a strong commitment to reshoring, and a December 2015 study by The Boston Consulting Groupfound that:

- 54 percent of companies with more than $1 billion in revenue are considering reshoring
- The share of executives saying that their companies are actively reshoring production increased by 9 percent since 2014 and by almost 250 percent since 2012
- Of manufacturers planning to add production capacity over the next five years for goods consumed in the U.S., more plan to add that capacity in the U.S. than in any other country

Perhaps no company has had a bigger impact on the reshoring trend than Walmart. The retailer has committed $250 billion for U.S.-made goods over the next decade and reshored 4,444 jobs between 2010 and 2014, according to the Reshoring Initiative. This has set in motion a chain reaction, as suppliers are reshoring their own operations to serve the retail giant.

U.S. automakers are also making significant investments. Ford, second only to Walmart in reshoring over the past five years, brought 3,250 jobs from Mexico to Michigan and Ohio and moved 1,800 jobs to Tennessee. General Motors also brought 1,800 jobs from Mexico to U.S. plants, according to analysts at the Reshoring Initiative.

Reshoring is strongest in the southeast and Texas. Companies building new facilities frequently choose right-to-work states with comparatively lower wages and business taxes. Companies that move operations to other regions typically choose existing factories with excess capacity. For example, in 2014 Whirlpool announced it would relocate production of KitchenAid small appliances from China to an existing facility in Greenville, Ohio, adding 400 workers.

Source: BDO
- GAI




previous page

go top
search our site


Loading

GLOBALtalk

Other articles from the same issue (June,  2016).

What Is the Cost of Dismissing Employees in Japan?
play read on

Report: China Labor Costs Only 4 Percent Below US
play read on

A Foreigner With No Friends: Bo Andersson Pushed From Russia's AvtoVAZ
play read on

EU Decision on Suspending US Visa Waiver Set for July 12
play read on

Role of Talent in Site Selection for Automotive Manufacturers
play read on

How U.S. Employee Benefits Compare To Europe's
play read on

Workers in Mexico's border factories say they can barely survive, so they're turning to unions
play read on

Expats: Healthcare in Brazil
play read on

Global Recruiting Trends 2016
play read on

Further Guidance on Criminal Graft and Bribery Released by Chinese Judicial Authorities
play read on

India's base salaries the lowest in Asia Pacific
play read on

Talent in China: Find it, grow it, keep it
play read on

Handling Mass Layoffs in China’s Manufacturing Sector
play read on

Working time developments in the 21st century: Work duration and its regulation in the EU
play read on

Germany: Update on amendments to German labor leasing laws: Coalition agreement
play read on

Every 5th expat in Russia (those who are left) are looking for a new job…
play read on

New Labor Regulations Are Negatively Changing Modern Manufacturing
play read on

Mexico: Company duties vis-à-vis the National Immigration Institute
play read on

Here's How The New (U.S.) Overtime Law Will Affect You
play read on

U.S. DOJ’s Fraud Section Issues Foreign Corrupt Practices Act Enforcement Plan and Guidance
play read on

US: Help wanted: The talent challenge
play read on

Op-ed: Training and engaging young talent in China can be transformative for businesses
play read on

Robots Threatening the Asia Labor Market
play read on

Shenzhen Says It Plans to Spend Billions to Attract Talent
play read on

Chinese companies widen search for foreign talent
play read on

The Conveyor Belt of Talent in Japan
play read on

New National Living Wage greeted with cautious optimism by UK businesses
play read on

Renting a car in Europe
play read on

Five numbers that explain the union fight in France
play read on

Could a Lack of Skilled Labor Slow the Reshoring Wave for U.S. Manufacturers?
play read on

Multinationals Look to Costa Rica for HighTech Talent
play read on

Manufacturing jobs in Asia have hit their lowest point since 2009
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120