FROM BEHIND THE DOCK DOORS

May, 2014

Reno Warehouse Truck + Van 003 AThere has been quite a bit of talk recently about near-shoring or re-shoring, which is the transition of sourcing manufactured products from Asia to sourcing these products closer to home or even at home. Mexico has a seen influx of manufacturing in recent years and remains the United States’ largest trading partner. However, crime and corruption continue to plague the country and inhibit its growth as a manufacturing powerhouse. Interestingly, in a recent study of manufacturing competitiveness, the US ranks second behind China. China’s position as the global manufacturing behemoth continues to be under siege by rising labor costs, increased transportation costs and stagnant productivity. Meanwhile, back in the US, the reasons for our growing competitiveness is the fall in domestic natural gas prices, rise in worker productivity and stable wage growth.