Manufacturing Renaissance? Exports, Reshoring Could Bring 5M Jobs to U.S.

An expected surge in exports could help create up to five million U.S. jobs by 2020, according to a report released Friday by the Boston Consulting Group.

U.S.-born exports are expected to surge, with domestic manufacturers standing to capture 2% to 7% of Western European and Japanese exports due to lower labor and energy costs, which would translate to as much as $90 billion in additional U.S. exports, BCG research finds.

By Jennifer Booton

Full Story: http://www.foxbusiness.com/economy/2012/09/21/manufacturing-renaissance-exports-reshoring-could-bring-5m-jobs-to-us/

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Compete Smart Montana Manufacturing Conference, 10/11-12, Missoula, Montana http://www.matr.net/events.phtml?showdetail=4142

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Is the Re-shoring of Manufacturing a Trend or a Trickle?

There is a lot of buzz around the re-shoring of manufacturing. Re-shoring refers to manufacturing that was previous done outside of America and has been moved back to America. You will also hear the term near-shoring which refers to manufacturing work that has returned closer to America in countries such as Mexico as an example.

Mitch Free

Full Story: http://www.forbes.com/sites/mitchfree/2012/06/27/is-the-re-shoring-of-manufacturing-a-trend-or-a-trickle/

(Many thanks to David Nelson for sharing both of these articles.)