March 04, 2013
Electronic Engineering Times asks if Onshoring is a trend in Automation in a recent blog that features Simon Grant, President & CEO of Automation GT.
“Last quarter, when Apple CEO Tim Cook announced that his company would invest $100 million in US manufacturing, Simon Grant, president and CEO of Automation GT, said the announcement provided a high-profile example of the recent onshoring trend, which is predicted by some to be at the forefront of company agendas throughout 2013.
According to Grant, the onshoring movement of returning outsourced manufacturing back to the US began with labor issues in China. China’s low labor costs once compelled companies to outsource production abroad. Today, wages are five times higher than they were 12 years ago, and are estimated to continue rising at 18 percent a year, according to a recent article in the Huffington Post.”
Read More at eetimes.com