Reshoring Trend Picks Up in Minnesota
Minnesota manufacturers, like Miller Manufacturing Co., have decided to return to U.S. soil for their manufacturing needs after freight prices doubled and labor wages shot up. Not only are prices for freight and labor wages on the rise but many issues regarding quality, timeliness, and intellectual problem have driven manufacturers back to the U.S. as well.
While companies continue to build factories and hire workers oversears, these are increasingly being used for products which are sold in those areas and are not being shipped back to the United States. The trend towards reshoring manufacturing jobs is an encouraging one. While a loss of 150,000 jobs was observed in 2003, there was no net loss that occured in 2013.
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