May 23, 2013
By Bob Coleman
Editor, Coleman Report
AP’s Joyce Rosenberg writes rising overseas labor costs, increased shipping costs and a weaker dollar are the reasons for the growth in American manufacturing.
“The trend could gain momentum because demand for U.S. goods is growing. Ninety-five percent of manufacturers surveyed last year said they are increasing their purchases from domestic companies, or keeping them at the same level as 2011.
“There are other issues encouraging the shift. Owners are tired of having to wait weeks for shipments on slow-moving container ships, and they want to get products to customers faster. Some newer businesses aren’t even considering overseas manufacturing.”