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Oldest Pin Maker in the USA |
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The topic of "reshoring" (the practice of bringing manufacturing and services back to the U.S. from overseas) is a top item being discussed within the U.S. manufacturing industry. A January 19, 2016 article in Industry Week (Is Reshoring Increasing or Declining?) presented two conflicting sides on reshoring. On one side, the Boston Consulting Group stated "The share of executives saying that their companies are actively reshoring production increased by 9% since 2014 and by about 250% since 2012". The opposing side, A.T. Kearney, stated "the U.S. Reshoring Index shows that, for the fourth consecutive year, reshoring of manufacturing activities to the United States has once again failed to keep up with offshoring".
Although there is a clear difference of opinion between these two reporting entities, we can unequivocally say the trend of reshoring is real. Since 2012, W.H. Bagshaw has been the domestic choice for a multitude of parts that have been reshored to the U.S. Back in our August 2012 e-letter (August 2012 e-letter ), we highlighted the fairly "new" topic of reshoring. At that time, BCG survey reported that "out of 100 companies surveyed, 37% were planning to reshore back to the U.S. or 'actively considering it'".
We are hopeful that the trend in reshoring will continue to bring back more manufacturing work and jobs to U.S. soil. Since 1870, W.H. Bagshaw Co. has been making American parts and we will continue to lead the charge in keeping products "made in America". Let us support your business today by contacting us for a free custom quote!
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