Re-shoring : Manufacturing back to North America

11/19/15


Who would have said ten years ago, when offshoring was at its peak, that today the trend would be as intense as back then but reversed?

"Re-shoring", also known as "backshoring" or "inshoring" is offshoring that has been brought back onshore.

http://www.economist.com/news/special-report/21569570-growing-number-american-companies-are-moving-their-manufacturing-back-united

It is such a strong movement that "The economist" did a long report on the subject.

Managers reported big losses related to high cost of massive amounts of stock hostage of shipping, greater-than-physical distance between design and production and low quality issues, the report reads.

Wages are a good reason too, as the report reads: "pay and benefits for the average Chinese factory worker rose by 10% a year between 2000 and 2005 and speeded up to 19% a year between 2005 and 2010" while they rose a mere 0.5% in developed countries.

Foam Creations is ready to support this trend and help American companies Reshore, with a development team ready to take on the most challenging projects, logistics and production in Mexico and Canada, and a proprietary range of compounds to capable of perform on the hardest conditions.