Onshoring

Foxconn, the iPhone manufacturer with operations primarily in China, announced last week that they are building a plant in Wisconsin.  For a good 10 years now we’ve heard stories about about onshoring…..bringing operations and jobs back to America.
The wage gap has been closing for some time and coupled with incentives and other advantages, like reducing shipping costs, it can be a more attractive to manufacture in the US.  It’s a really good sign and the best part is that there is tons of room for more.


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