This is a free excerpt of a hot topic update from our PracticeView monitoring service. Click here to learn more or subscribe to PracticeView.
Background
Manufacturing companies are beginning to bring offshore operations back to the U.S. as they reconsider their cost and risk models. American manufacturers have a competitive advantage over Asia, South America, and Europe with access to automated production technology. As companies introduce more advanced equipment and technology, they are more likely to hire more workers and invest in their training. Manufacturing wages in the U.S. are adjusting to market-driven values, and the benefit of cheap foreign labor is diminishing.
Implications
Subscribers to our PracticeView monitoring service receive detailed commentary on the implications of this trend and/or emerging news.
Client Discussion Points
Below is an example question which subscribers of our PracticeView monitoring service receive. This type of question can become a talking point to be used by your firm and its professionals to stimulate discussions with clients and/or prospects.
- What steps is the manufacturing company taking to promote the attractiveness of careers in the industry?
Resources & Commentary
Subscribers receive a number of direct links to interesting/authoritative articles on a particular topic and/or trend. Below is an example of a direct link which subscribers of our PracticeView monitoring service receive.
- Booz & Company – U.S. Manufacturing Competitiveness at a Critical Crossroads, Says New Report by Booz & Company
Click here to learn more or subscribe to PracticeView.
