#598 – Companies Bringing Manufacturing Jobs Back to U.S.Posted on | The Agurban
It has been awhile since we have shared reshoring news. This recent post on IndustryWeek.com caught our eye. It is always good to see manufacturing jobs come back to the U.S.
Companies Bringing Manufacturing Jobs Back to US
Aug 25, 2016, Adrienne Selko | IndustryWeek
From Jan, 2010 until July 2016 the Reshoring Initiative estimates that 265,000 jobs have come back to the United States from abroad.
The Reshoring Initiative’s 2015 Reshoring Report found that the reasons companies gave for coming back to the U.S. included:
- Government incentives
- Proximity to customers
- Skilled workforce
At the same time, companies cited lower quality, supply interruption (this category had the largest increase from last year), high freight costs and delivery as leading problems offshore. Cumulatively, rising wages and total cost have been major drivers in reshoring decisions.
Regionally, the trend remained strongest in the Southeast and Texas, but in 2015 the West displaced the Midwest to hold second place for most jobs shifted from offshore.
The following represent some of the companies that have brought jobs back. The list was compiled by the Reshoring Initiative for 24/7 Wall St. and is based on companies’ announcements.
- MARS – brought back 1,000 jobs to Kansas
- Farouk Systems Inc. – brought back 1,200 jobs from China to Texas
- Flextronics – 1,700 jobs back to Texas
- Caterpillar – 2,100 jobs from Japan and Mexico, and hired in Georgia and Texas
- General Motors – brought back 2.345 jobs from Mexico and Canada and hired in Tennessee and Michigan
- General Electric – brought back 2.656 jobs from China and Mexico and hired in Kentucky, New York, and Ohio
- Boeing – brought back 2,700 jobs to Missouri
- Ford Motor Company – brought back 3.200 jobs from Mexico and Spain, and hired in Ohio