I am putting my money on Vietnam. They have the right location ( Pacific ), scale ( not too big to entertain superpower dreams ), attitude, intelligence & persistence ( after all the pounding they took from the US for 12 years, they still won ). Intel is already there and loving it.
You can also consider Sri Lanka as well. The labou cost here is very low and you have alot of resources and man power to back your business. Thee is a huge job market here in Sri Lanka where foriegn investors can benefiot a lot out of it if they consider the island
@Anna: I wasn't surprised by the findings either, but I continue to be surprised that a good slice of the American public still believes that reshoring manufacturing is going to be the savior of the US economy. Aside from all the political posturing, I believe the US workforce has priced itself out of most low-skilled manufacturing jobs.
" I'm wondering what happens in some years to come, say after China, Brazil, India etc. What's next?"
@Anna: I think manufacturers will continuously look for lower cost options and regions with low labor costs. I believe the countries next in line could be Pakistan, Bangladesh, Vietnam or Kenya.
@_hm: I think the wage rate in a particular country or region is determined by the supply of labor force and their expectations. One of the key reasons why the US workers expect a high wage rate is because the cost of living in the US is high. So the .workers need a higher wage to bear that.
It is also due to prudent compromise from US labour force. They need to control their expectation. You do not expect to pay $100+ for auto assmebly line worker with moderate efficiency or also true for other fields. Unions are also part of problem. If better sense prevail, much of reshoring will take place soon and this will be very good for all.
Barbara, I'm not at all surprised at this report findings by Hackett groups. "The cost increases in China are impossible for companies to ignore," Okay, we understand. So these jobs will not make it's way to the developed economy. I think the Western countries realised this long ago that the manufacturing industry will not make its back. I'm wondering what happens in some years to come, say after China, Brazil, India etc. What's next?
"A recent report on manufacturing site selection contains both good news and bad news for the US." AsanoptimisticpersonIwillfocusatthegoodnews.Althoughitmakesmetothinkbecauseofthesmalldifferentinmanufacturingcostsmaybecompaniesstop to migratingtoothercountries(themanufacturingsector)fromtheotherhand,Iamwonderingitthat20%isbecausetheAmericanworkersearningsolittle...
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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