There is a growing initiative to consider whether to continue to offshore a portion or all of a product or product line or bring it back home to the US – Reshoring.
So it seems many manufacturers are coming to understand there are other expenses involved and increasing labor costs in countries previously thought to be advantageous and cost efficient.
I attended a conference hosted by MANTEC (www.mantec.org) and heard about this and about the services available to manufacturers who would like to consider their options. Mantec has a calculator to that compares the costs and delivers the most cost effective option.
For those who would like to know more, here is a link to get you started: click here.
Also the Mantec website is: www.mantec.org.
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