From the prospective of the US economy, bringing maufacturing operations, and associated jobs, back to the US from overseas locations would be a big boost. This is how our economy was built and how American wealth and stability as established.
Here is a key consideration though. Is it real and are companies ready to commit to building their manufacturing infrastructure based on the hope of continuing return of manufacturing? This was one of the roundtable discussions taking place at the FPDA/ISD Summit last week.
Keep in mind that, in order to take manufacturing back, we have to have the capability and infrastructure to do it. In order to build out those capabilities, we need some assurance that the US will be viewed as a low-enough-cost manufacturer to locate those operations back onshore.
In the coming years, we will have a better idea but the jury is still out.
Here is a key consideration though. Is it real and are companies ready to commit to building their manufacturing infrastructure based on the hope of continuing return of manufacturing? This was one of the roundtable discussions taking place at the FPDA/ISD Summit last week.
Keep in mind that, in order to take manufacturing back, we have to have the capability and infrastructure to do it. In order to build out those capabilities, we need some assurance that the US will be viewed as a low-enough-cost manufacturer to locate those operations back onshore.
In the coming years, we will have a better idea but the jury is still out.
- Michael Ference's blog
- Moving Innovation Forward at the Fluid Power Conference & Expo
- Innovation and Creativity
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