U.S. On The Verge Of ‘Manufacturing Renaissance’
The United States is poised to become a low cost location for manufacturing according to The Boston Consulting Group.
The Boston Consulting Group (BCG) predicts that reinvestment during the next five years could lead to a ‘manufacturing renaissance’ in America. BCG states that some states in the U.S. are likely to become the cheapest locations for manufacturing in the developed world, due to a shrinking wage gap with China, more government incentives, new U.S. technology concepts, and highly skilled workers. BCG notes that: