US manufacturing moving back home: BCG survey

Washington

LARGE manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group released on Thursday.

In the third annual survey of US-based senior executives at manufacturing companies with annual sales of at least US$1 billion, the number of respondents who said that their companies were currently reshoring to the US from China increased 20 per cent from a year ago.

"Given the fact that China's wage costs are expected to grow, do you expect your company will move manufacturing to the United States?" the August survey asked executives at an unspecified number of companies that currently manufacture in China.

The executives who said "Yes, we are already actively doing this" rose to roughly 16 per cent in the "Made in America, Again" survey in August from 13 per cent a year earlier and 7 per cent in the first survey in the series, in February…