Tag Archives: business

What’s next Inshoring, re-shoring

You will hear more this year on these two terms than ever.  As wages increase in China and India coupled with Inflation, in addition to  unemployment rate struck at slow pace,  US companies will look to seeing opportunities right here in US to bring back the jobs.  Manufacturing is already seeing this trend with what some folks calling this a manufacturing renaissance.  US is getting more competitive now to do business and many top notch companies like Apple, Google, GE,  Boeing, Ford, are expanding already or have major plans to expand.  These top companies flush with cash is another incentive to do so once the economy looks up.
 
If and when the corporate tax rates are lowered the business leaders will welcome this with upping up the ante on bringing back jobs. There are lot of positive trends in place but it will take a while to show up really on the metric charts.
 
There is not much  tracking of the hard numbers on this piece of statistics – how many jobs are actually coming back.  The current best source might be Reshoring Initiative an organization that encourages US business to return jobs home. they are more focused on manufacturing now, now the tide will turn soon – I will place bets at  a modest % start be it in single digits for IT in-shoring or re-shoring what ever you want to title.