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More than a third of U.S.-based manufacturing companies with sales greater than $1B are planning to or considering bringing back production from China to the U.S.
BCG - Press Release - More Than a Third of Large Manufacturers Are Considering Reshoring from China to the U.S.Related Facts:
67% of U.S. manufacturing companies in the rubber and plastic industry expect to move production back to the U.S. from China, compared to 42% for machinery, 41% for electronics, 40% for computers, and 35% for fabricated metal products more...
92% of manufacturing companies with sales greater than $1B believe labor costs in China will continue to escalate more...
The U.S. will add 2MM-3MM manufacturing jobs and $100B in annual output by 2020 due to rising labor costs of in China more...
28% of manufacturing companies with sales greater than $1B cite proximity to customers as a major factor in decisions on production locations more...
29% of manufacturing companies with sales greater than $1B cite product ease of doing business as a major factor in decisions on production locations more...