Onshoring: Caterpillar Planning To Bring Jobs Back To The US
Caterpillar is considering bringing back some of its manufacturing operations to the United States.
Caterpillar Inc. is considering moving some of its production jobs from a plant in Japan to a new facility in the United States. The company is aiming to increase domestic output of construction excavators, and expand their employment base in the states.
Apart from Caterpillar, other manufacturing companies such as GE and U.S. Block Windows, Inc. are also joining this onshoring trend in which some operations would come back to the country, resulting in the creation of new jobs. A weak dollar, complex logistics and quality issues are pushing companies to bring back the work they offshored. Analysts say that Caterpillar's decision will likely attract many site proposals from various states.