Originally published on www.marketwatch.com on March 10, 2017, by Harry Moser and Sandy Montalbano
“Many companies that offshored manufacturing didn’t really do the math. An Archstone study revealed that 60% of offshoring decisions used only rudimentary cost calculations, typically just price or labor costs and ignored other costs such as freight, duty, carrying cost of inventory, delivery and impact on innovation. Most of the true risks and cost of offshoring were being ignored.”
President Trump continues his push to make American manufacturers aware of the benefits of bringing production facilities back to the States with the end game being that of ending a 30+ year decline in American-produced goods. Reshoring and foreign direct investment (FDI) in the U.S. are top of mind for Trump and many members of the US government. Find out more about how manufacturing in the US could trump offshore production.
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