Let's Give Thanks for Reshoring
E-Newsletter
In my travels I’ve heard a number of stories that confirm outsourced manufacturing is indeed returning to the U.S. It’s a positive trend that seems to be contributing to the strong growth in manufacturing, which by most accounts is leading the nation’s slow movement out of the recession. Manufacturing is a bright spot in the economy.
In my travels I’ve heard a number of stories that confirm outsourced manufacturing is indeed returning to the U.S. It’s a positive trend that seems to be contributing to the strong growth in manufacturing, which by most accounts is leading the nation’s slow movement out of the recession. Manufacturing is a bright spot in the economy.
September manufacturing technology orders are up 91.9 percent this year (with a year-to-date total of $4,074.00 million), according to the recently released report from the AMT and AMTDA’s joint statistical program.
“September orders were the second highest monthly dollar value in the last 15 years,” says Peter Borden, AMTDA president. “American manufacturers are still rushing to beat the end-of-year bonus depreciation deadline.”
Additional confirmation of positive trends in manufacturing come from a press release I received from Columbia Marking Tools. CEO Tom Phipps explains how the company sees a definite shift in the directional flow of manufacturing work from outsourcing to reshoring. He also explains why this is happening and does a good job of summarizing the phenomenon.
It’s November and time for giving thanks. I think that the sustained positive news from the manufacturing sector is worth being thankful for. Read Mr. Phipps’ comments on why he believes reshoring is on the rise.
