{"id":996,"date":"2015-09-21T14:15:57","date_gmt":"2015-09-21T19:15:57","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=996"},"modified":"2015-12-22T07:58:05","modified_gmt":"2015-12-22T13:58:05","slug":"onshoring-vs-offshoring","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2015\/09\/21\/onshoring-vs-offshoring\/","title":{"rendered":"Onshoring Vs. Offshoring"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-985 alignleft\" src=\"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/wp-content\/uploads\/2015\/09\/iStock_000030305148_Full-300x247.jpg\" alt=\"vector-world-map-v2.1-blank.cdr\" width=\"300\" height=\"247\" srcset=\"https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2015\/09\/iStock_000030305148_Full-300x247.jpg 300w, https:\/\/www.mhisolutionsmag.com\/wp-content\/uploads\/2015\/09\/iStock_000030305148_Full.jpg 302w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>A number of studies document a growing trend of U.S. businesses bringing manufacturing operations back to the U.S.\u2014 often referred to as onshoring. In 2011, a report by The Boston Consultancy Group revealed that 24 percent of senior manufacturing executives were considering returning production to the U.S. and predicted that changes in China\u2019s wage structure along with increased use of manufacturing technology in the U.S. would eliminate the cost advantage of manufacturing overseas.<\/p>\n<p>While a number of companies, including NCR, Sleek Audio, Coleman Company, Outdoor Greatroom Company and Otis Elevator have moved production back to the U.S., the trend is predicted to grow, especially as retailers promote a \u201cMade in America\u201d strategy that gives preference to U.S. manufactured products.<\/p>\n<p>In the A.T. Kearney 2014 Reshoring Index, the number of companies returning manufacturing operations to the U.S. from overseas was reported to increase from 64 in 2011 to about 300 in 2014. While these numbers are positive, the report goes on to point out that the pace of offshoring\u2014moving manufacturing from the U.S. to other countries\u2014actually outpaces onshoring.<\/p>\n<p>One of the challenges in any discussion of onshoring, reshoring or offshoring is the terminology, points out Jim Tompkins, chief executive officer of MHI member Tompkins International. \u201cIt\u2019s important to address the original location of the business when using these terms to be clear about the definition,\u201d he says. Although \u201creshoring\u201d is often used to describe the return of manufacturing to the U.S., it can also refer to a change in the location of an overseas outsourcing partner. \u201cBecause Chinese wages have increased, many companies are moving their production from China to other countries, such as Vietnam, which can be considered reshoring,\u201d he explains. For this reason, it is important to be clear about the definition of the terms, he adds.<\/p>\n<p><em>By Sheryl Jackson<\/em><\/p>\n<p><a href=\"http:\/\/www.nxtbook.com\/naylor\/MHIQ\/MHIQ0415\/index.php#\/18\">Click here to read the full article.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A number of studies document a growing trend of U.S. businesses bringing manufacturing operations back to the U.S.\u2014 often referred to as onshoring. In 2011, a report by The Boston Consultancy Group revealed that 24 percent of senior manufacturing executives were considering returning production to the U.S. and predicted that changes in China\u2019s wage structure &#8230;<\/p>\n","protected":false},"author":40,"featured_media":985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Onshoring Vs. 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