In its fourth year, the Boston Consulting Group (BCG) has surveyed U.S.-based executives of large manufacturers about reshoring – i.e. bringing previously offshored jobs back to the United States.
After surveying more than 250 senior-level manufacturing executives, BCG concludes that the United States is now the preferred location for manufacturing capacity serving the U.S. market. Highlights of the findings include:
-53 percent responded that they are actively reshoring or considering reshoring.
-17 percent are actively reshoring to the United States with another 7 percent in the process within the next two years.
-The United States is the most likely location for new manufacturing capacity serving the U.S. market for 31 percent of respondents.
-A skilled and talented workforce is the reason 57 percent say they are moving production to the United States.
-50 percent of respondents anticipate a growth in job creation over the next five years.