Tag Archives: manufacturing

Manufacturing Reshoring Trends Are a Hot Topic in the Manufacturing Industry

Posted on November 15th, 2018
reshoring trends

Reshoring, the concept of bringing manufacturing and services previously transferred overseas back to the U.S., continues to be a hot-button, and sometimes knee-jerk issue, for the manufacturing industry. Trade tensions and posturing around tariffs continue to place a spotlight on the initiative, but alongside these elements lie a growing sentiment that reshoring is not as easy or cut-and-dried as when summed up for a media soundbite. While some companies are reconsidering prior offshore moves amid rising labor costs in Asia, there is more to the reshoring effect than meets the eye. Looking at the positives, reshoring can be an agreeable way to balance budgets, boost employment, introduce better jobs and attract a new generation of workers to the manufacturing industry. It’s also a feel-good story to tell during elections. Yet reshoring is not holding to levels previously seen in 2016….

Steady Job Growth Continues in The Manufacturing Industry

Posted on August 9th, 2018
manufacturing skills gap

Slow, yet steady, may be the manufacturing industry’s most-consistent mantra. Reinforcement comes from the newest Employment Situation Summary that showed another drop in the unemployment rate, down to 3.8 percent as reported by the U.S. Bureau of Labor Statistics. Although most of the growth is coming from the health care, retail trade and construction industries, the manufacturing industry is also retaining a level of stable growth. According to the U.S. Bureau of Labor Statistics, the manufacturing industry added 18,000 jobs during the month of May. Most this growth comes from the durable goods sector, goods that are not for immediate consumption. Durable goods can be kept for a period, and many of the items piggyback on a growing consumer desire for products that are produced in the U.S. Machinery also accounts for manufacturing’s improved numbers with an increase of 6,000…