Reshoring of Some Chinese Manufacturing Jobs Becoming Likely as Cost Gap Shrinks
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New Hackett research indicates that the manufacturing competitiveness of China compared to advanced economies and low-cost geographies is eroding. A combination of factors, including wage-rate inflation in China, has brought traditional calculations about global manufacturing sourcing strategies to a tipping point, encouraging companies to reshore some manufacturing capacity while moving additional capacity from China to other low-cost geographies.
Download The Hackett Group's Reshoring Global Manufacturing research paper and you will learn:
- Newest trends in Offshoring for the next 8-10 years
- Key decision drivers of manufacturing sourcing strategy
- Manufacturing cost gaps across emerging countries
- Life-cycle stage of current manufacturing sourcing strategies
- Estimated share of total manufacturing capacity by region
- What is next after offshoring
- Key steps to be taken for optimizing the manufacturing sourcing strategy
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