Majority of Manufacturers Planning or Considering Reshoring from China to U.S.
More than half 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 actively considering it, according to a new survey by The Boston Consulting Group (BCG). The share of executives who are planning (or considering) to “reshore” rose to 54%, compared with 37% of executives who responded to a similar BCG survey in February 2012.
The new survey elicited responses from more than 200 decision makers at companies across a broad range of industries. Virtually all of the companies manufacture in the U.S. and overseas, and make products for both U.S. and non-U.S. consumption.