Also available in AUDIO ONLY format
About This Online Seminar
Made in the USA, Again: Manufacturing Is Expected to Return to America as China‘s Rising Labor Costs Erase Most Savings from Offshoring
Reinvestment During the Next Five Years Could Usher in a ‘Manufacturing Renaissance’ as the U.S. Becomes a Low-Cost Country Among Developed Nations, According to Analysis by The Boston Consulting Group
Within the next five years, the United States is expected to experience a manufacturing renaissance as the wage gap with China shrinks and certain U.S. states become some of the cheapest locations for manufacturing in the developed world, according to a new analysis by The Boston Consulting Group (BCG).
With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly. Meanwhile, flexible work rules and a host of government incentives are making many states–including Mississippi, South Carolina, and Alabama–increasingly competitive as low-cost bases for supplying the U.S. market.
“All over China, wages are climbing at 15 to 20 percent a year because of the supply-and-demand imbalance for skilled labor,” said Harold L. Sirkin, a BCG senior partner. “We expect net labor costs for manufacturing in China and the U.S. to converge by around 2015. As a result of the changing economics, you’re going to see a lot more products ‘Made in the USA‘ in the next five years.”
Our Guest Speakers / Presenters The Online Seminar guest presenters are Harry Moser and Michele Nash-Hoff.
Mr. Harry Moser Guest Presenter Harry founded the Reshoring Initiative to help companies better understand the full cost of offshoring and the benefits of reshoring in the expectation that they would then bring more manufacturing jobs back to the U.S. Largely due to the success of the Reshoring Initiative, Harry was inducted into the Industry Week Manufacturing Hall of Fame 2010, joining Jack Welch, Steve Jobs, Lee Iacocca, et al. Harry worked for GF AgieCharmilles, the leading producer of EDM and HSM machine tools, starting as President in 1985 and retiring 12/31/10 as Chairman Emeritus. He writes and speaks nationally on how to strengthen the skilled manufacturing workforce, strategies for competing with LLC countries, strategies for revitalizing U.S. manufacturing, and on the impact on manufacturing of Pres. Obama’s and Congress’ actions and policies. He has been on CBS and Lean Nation radio, quoted in the Wall Street Journal and USATODAY and in numerous articles in the industry and supply chain press and spoken at a broad range of conferences, including at the National Press Club.
Harry is on the board of NIMS (credentials for skilled manufacturing) and is President of SMTS (Swiss Machine Tool Society). He received a BS in ME and an MS in Engineering at MIT in 1967 and an MBA from U. of Chicago in 1981.
Ms. Michele Nash-Hoff Guest Presenter Michele Nash-Hoff has been in and out of San Diego’s high-tech manufacturing industry since starting as an engineering secretary at age 18. Her career includes being part of the founding team of two startup companies. Michele is founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products. In 1998, she also served as manager of the San Diego Enterprise Center, a new business incubator for start-up companies, while also running ElectroFab. The National Business Incubation Association published Michele’s first book, For Profit Business Incubators, that same year. Michele has been president of the San Diego Electronics Network, the San Diego Chapter of the Electronics Representatives Association, and The High Technology Foundation, as well as several professional and non-profit organizations. She is an active member of the Soroptimist International of San Diego club. She has a certificate in Total Quality Management and is a 1994 graduate of San Diego’s leadership program (LEAD San Diego.)