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8 Reasons Why the Manufacturing Industry is Reinvesting in U.S. Production

Rising labor and other costs overseas, the desire to reduce supply chain uncertainty and increased transportation costs are driving interest in re-shoring by U.S. producers of goods.

By Bonnie Cavanaugh, Caterina Pontoriero | Updated on December 06, 2013

Rising labor and other costs overseas, the desire to reduce supply chain uncertainty and increased transportation costs are driving interest in re-shoring by U.S. producers of goods, according to a June survey by the National Association of Manufacturers (NAM). That bodes well for commercial insurers working in this increasingly competitive market.

Manufacturing and construction were the two industries hardest hit by the recession, accounting for roughly half of the nation’s job losses during 2008 to 2009—including 2.3 million workers in the manufacturing sector alone, according to Chad Moutray, NAM’s chief economist.

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