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.