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Scooped by ManufacturingStories onto Manufacturing In the USA Today |
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Manufacturing leaders in the United States are fighting to resurrect the image of manufacturing as a viable career for high school and college graduates. It appears that China now faces a similar challenge. A recent report in the People’s Daily Online, a Chinese newspaper, begins with this observation: China's young generation are losing interest in entering the manufacturing industry, a trend further hampering prospects for economic growth as a labor force shortage looms large.”
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Positive signs continue to come in for the American manufacturer. The trend of reshoring—bringing back manufacturing that had been offshored to, say, China—appears to be more than a flash in the pan. As I’ve written before, more and more domestic companies are opening their eyes to the real costs of overseas manufacturing. While the price of a product might be somewhat cheaper to make in Shanghai, other costs have to be considered...... Delete the scoop?
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