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It represents the reshoring of a traditional industry in a state that had lost jobs to China.
Some companies pursue Reshoring with their own internal staff.
To help with these projects, companies often turn to consultants that specialize in Reshoring.
Lower U.S. natural gas prices and other energy costs weren't mentioned in the reshoring.
Reshoring is the economic idea of the moment.
"We were surprised by the large percentage of firms indicating that they are considering reshoring," Schoenherr said.
This will not produce only winners: it may delay the "reshoring" of production back to Europe, at least in bulky goods.
Still, rising costs of doing business overseas and relatively affordable energy are making reshoring more attractive to businesses, Carrick said.
That makes reshoring or nearshoring more attractive.
But reshoring will not happen.
But Reshoring projects are complicated and involve engineering, marketing, production, finance, and procurement.
Obviously a degenerative psychosis requiring extensive reshoring of the patient's perceptual substructure.
'Reshoring' isn't creating many jobs.
Barack Obama, US president, has cited reshoring as an example of the country’s increasing economic competitiveness in the face of competition from emerging markets.
While manufacturing wages remain significantly lower in China than in the US, the rapidly narrowing gap is already fueling American reshoring.
However, Hal Sirkin of BCG said he expected the effect of reshoring would begin to show in the data over the next few years.
It expects the outflow of manufacturing from high- to low-cost countries to slow over the next two years and the reshoring to double over the previous two years.
In the longer term reshoring will be boosted by the use of advanced manufacturing techniques that promise to alter the economics of production, making it a far less labour-intensive process.
Tim Leunig of the LSE argues that reshoring will not happen because there are millions more Chinese willing to work for $2 a day and productivity is still rising there.
Tim Leunig: ‘Reshoring’ jobs from China won’t happen Reshoring is the economic idea of the moment, writes Leunig, an economic historian at the London School of Economics.
The answer is that, although reshoring is benefitting many blue-collar workers, it isn't, as James Surowiecki wrote in the magazine in February, helping a significant part of the U.S. working class.
We've also encountered similar problems trying to cover the earlier-hyped rebound in manufacturing jobs and the potential "reshoring" of jobs as productivity-adjusted wage differentials between the US and China become narrower.
Insourcing also includes the "reshoring" of projects when a company brings home projects that are performed in another country and now will be performed in the company's country; either inside or outside the company.
Nearly half the manufacturers surveyed by AlixPartners said they saw reshoring as a good opportunity, but half also said Mexico was their top choice for relocating factories designed to supply the US market.
Such reshoring - or insourcing, as some people call the return of manufacturing from overseas - has been reported in isolated cases over the last few years, but there's been little in the way of comprehensive data about this phenomenon.