{"234371":{"#nid":"234371","#data":{"type":"news","title":"\u201cMade in the USA\u201d on the rise as manufacturing costs drop","body":[{"value":"\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EBy Kiran Moodley, CNBC\u003C\/strong\u003E\u003C\/em\u003E\u003C\/p\u003E\u003Cp\u003EAmericans may be fond of lamenting the decline of the country\u0027s economic clout and the flood of \u0022Made in China\u0022 goods, but they may soon have to find something else to complain about.\u003C\/p\u003E\u003Cp\u003EAccording to the Boston Consulting Group (BCG), the U.S. is fast becoming one of the lowest-cost countries for manufacturing in the developed world. BCG argues that average manufacturing costs in Germany, Japan, France, Italy, and the U.K. will be 8 to 18 percent higher than in the U.S. by 2015.\u003C\/p\u003E\u003Cp\u003EThe report states that export manufacturing in the U.S. is a unsung hero of the economic recovery, noting: \u201cDespite all the public focus on the U.S. trade deficit, little attention has been paid to the fact that the country\u0027s exports have been growing more than seven times faster than GDP since 2005.\u201d\u003C\/p\u003E\u003Cp\u003EBCG found that the U.S. is increasingly attractive for businesses due to lower costs of labor, (adjusted for productivity), natural gas, and electricity.\u003C\/p\u003E\u003Cp\u003EU.S. manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, a Markit report showed last Thursday.\u003C\/p\u003E\u003Cp\u003EHowever, BCG\u2019s report argues that we are currently just witnessing the beginning of a major shift in global manufacturing.\u003C\/p\u003E\u003Cp\u003E\u201cOver the past 40 years, factory jobs of all kinds have migrated from high-cost to low-cost countries,\u201d said Harold L. Sirkin, co-author of the report. \u201cNow, as the economics of global manufacturing changes, the pendulum is finally starting to swing back. In the years ahead, it could be America\u2019s turn to be on the receiving end of production shifts, as more companies use the U.S. as a low-cost export platform.\u201d\u003C\/p\u003E\u003Cp\u003ETo read the full article, visit \u003Ca href=\u0022http:\/\/nbcnews.to\/15nCVXi\u0022\u003Ehttp:\/\/nbcnews.to\/15nCVXi\u003C\/a\u003E.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003ENBC News reports that the U.S. is becoming a low-cost location for manufacturing, according to a Boston Consulting Group study.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"NBC News reports that the U.S. is becoming a low-cost location for manufacturing, according to a Boston Consulting Group study."}],"uid":"27857","created_gmt":"2013-09-04 17:05:43","changed_gmt":"2016-10-08 03:14:49","author":"Tracy Heath","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2013-09-04T00:00:00-04:00","iso_date":"2013-09-04T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"155831","name":"Georgia Tech Manufacturing Institute (GTMI)"}],"categories":[],"keywords":[{"id":"215","name":"manufacturing"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}