Truthmatters
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Factories begin to shift back to US - FT.com
Two-thirds of big US manufacturers have moved factories in the past two years, with the most popular destination being the US, according to a survey being released on Monday by Accenture, the consultants.
The report provides some of the first industry-wide empirical evidence of “reshoring,” the trend of jobs once outsourced to low-cost emerging economies being brought back to the US.
Although the subject has received much attention, with General Electric the most high-profile example, most of the evidence so far has been isolated and anecdotal.
President Barack Obama has proposed tax incentives for companies that move their overseas operations back to the US and tax penalties for those that do not.
Two-thirds of big US manufacturers have moved factories in the past two years, with the most popular destination being the US, according to a survey being released on Monday by Accenture, the consultants.
The report provides some of the first industry-wide empirical evidence of “reshoring,” the trend of jobs once outsourced to low-cost emerging economies being brought back to the US.
Although the subject has received much attention, with General Electric the most high-profile example, most of the evidence so far has been isolated and anecdotal.
President Barack Obama has proposed tax incentives for companies that move their overseas operations back to the US and tax penalties for those that do not.
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