The ongoing trend of foreign-based companies setting up stateside operations has helped to create more demand for workers in the manufacturing sector.
Hal Sirkin, a senior partner for the Boston Consulting Group, told USA Today that many foreign manufacturers are taking advantage of the U.S. market.
“The global economics have shifted dramatically,” Hal Sirkin told the newspaper. “The wind was in our face. Now, we’re starting to see a tailwind.”
Manufacturers that have recently announced stateside expansions include Mohawk Industries, which said it would create 500 new factory jobs in Chattooga County, Georgia. In Wisconsin, Crystal Finishing Products has doubled its U.S. production of high-performance coatings over the past three years and said it plans to create another 250 positions at its Mosinee plant, according to Wisconsin Public Radio. Foreign-based companies that have set up shop on U.S. soil over the past two years include Rolls-Royce and Siemens.
According to the Reshoring Initiative, more than 200 companies, including domestic organizations, have brought production to the U.S over the past three years, which has helped generate more than 50,000 jobs. Figures from the Organization for International Investment have found that by 2020, onshoring could generate millions of new U.S. manufacturing jobs.