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More manufacturing work returns to U.S. shores
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03-25-2012, 09:34 PM
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More manufacturing work returns to U.S. shores
More manufacturing work returns to U.S. shores
Wage pressure in China, transportation costs push U.S. companies to shift production back home By Alejandra Cancino and Cheryl V. Jackson, Chicago Tribune March 24, 2012 In a corner of a manufacturing plant in St. Charles, a dozen workers steadily assembled electric motors that until December were produced in China. The Bison Gear & Engineering Corp. workers inserted copper wires, tested the assembly and then readied them for the next step, the addition of a gearbox. The end products, gear motors, are used in everything from ice machines to solar panels. At one time it made sense for Bison to import motors from China, but no longer. "We can produce them better, faster and cheaper," said Bison Chairman Ronald Bullock. While data is scant, manufacturing experts say the number of companies shifting production to the U.S. will increase over the next five years as Chinese wages continue to increase at the same time transportation costs soar. A Boston Consulting Group report released last week predicts that by 2015 it will become cheaper to produce certain products in the U.S. that are sold to American consumers. The products, the report said, would span a half-dozen industries and include everything from machinery to electronics to furniture. http://www.chicagotribune.com/site/newsp...8582.story Good news for the future. ![]() The GOP conspiracies |
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