Large U.S. manufacturers are much more likely than their smaller peers to move production to the United States from China, according to a survey.
Labour costs and the quality of goods are the top reasons for companies to consider so-called “re-shoring,” with some companies considering the United States a de facto low-cost country because of its high unemployment, according to the survey by the Boston Consulting Group.
It found that 37 percent of all U.S.-based manufacturing executives either plan to or are actively considering moving production from China. That rises to 48 percent among companies with more than $10 billion in revenues, the poll found.
Majorities of those polled said they expected wage costs in China to continue to rise, and said sourcing there is more costly than it appears on paper because of factors such as proximity to customers and the ease of doing business.
Makers of rubber and…
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