Boston Consulting Group News Release (04/20/12)
A new survey from the Boston Consulting Group finds that more than a third of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the U.S. from China or are considering it. Approximately 37% of decision makers at 106 companies across a broad range of industries say they plan to reshore manufacturing operations or are “actively considering” it. That response rate increased to 48% among executives at companies with $10 billion or more in revenues—a third of the sample.
“These survey findings confirm our own analysis and what we are hearing from major companies,” says Harold Sirkin, a BCG senior partner. “Companies are realizing that the economics of manufacturing are swinging in favor of the U.S., for goods to be sold both at home and to major export markets. This trend is likely to accelerate starting around 2015.”