One of the main reasons for moving manufacturing overseas has been to reduce costs. But today many OEMs are re-shoring the supply chain as going overseas no longer affords the costs advantages it used to.
For example, many companies used to benefit from off-shoring their manufacturing to China due to the low cost of labour. But increasing wages in China are prompting many businesses to bring manufacturing closer to home.
But it’s not only increasing wages pushing manufacturers to re-shore the supply chain. Re-shoring creates jobs and helps to boost the local economy.
For example, Boeing are expanding their operations in St. Louis to develop parts for the Boeing 777X, beginning in 2017. …
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