While U.S. manufacturing jobs were once the backbone of the American economy, they began declining around three decades ago. Lately, though, that trend appears to be slowly reversing for a pile of reasons.
Just a few: Labor costs are rising overseas, high energy and transportation costs often offset any labor savings that do exist, and U.S.-specific skill sets are increasingly in demand.
Plus, bringing back jobs — what experts call “reshoring” or “insourcing” — is a great way to snag some good, patriotic press. Despite plenty of signals that we are on our way to a recovery, the unemployment rate remains stubbornly high … and as a result, any company that demonstrates a concerted effort to create or bring back jobs is applauded.
Several big-time blue chips have made those kinds of headlines so far this year, and with America’s birthday right around the corner, there seems no better time to cheer on those moves. So, let’s take a look at five reshoring leaders so far this year: