Everyone is familiar with offshoring — the process of sending manufacturing projects across seas in an effort to save costs has been in practice since the 1960s. But now a new trend is emerging called reshoring. Also known as “inshoring” or “backshoring,” reshoring manufacturing is returning previously offshored manufacturing processes back to America. The original…
U.S. Manufacturing Companies like CGR Expand at a Sustainable Rate
As demand from overseas markets has cooled while domestic markets have remained steady, U.S. factories have begun to expand at a sustainable rate. Although there has been slowed order growth due to falling energy prices, many production facilities are likely to produce at the same or higher levels. This is due in part to increased…