Insourcing

Reports say that outsourcing is on the outs, and that inshoring is making a comeback. NPR reported that some U.S. companies are bringing back jobs that they had sent overseas in the past. Reasons for this include new tax breaks, profitability and increased quality of the products they manufacture.

 

Of course, stimulus packages don’t hurt as well – however, these stimulus packages need to do more than just spur manufacturing; there need to be more resources spent in research and development so that the products being manufactured not only do what they are supposed to, but should be better than previous products. The Big Three need to make cars that are not only dependable, but that are more energy efficient and environmentally friendly. Only then can they truly compete in the global market – and succeed.