Based on most discussions about U.S. manufacturing these days, it would seem that the outsourcing wave is finally over and a reshoring tsunami is upon us.
To be sure, Chinese wages are rising somewhat, their undervalued currency is up a tad and U.S. energy costs—principally natural gas—are down.
However, when you examine the data, it's clear that the reality is lagging behind the rhetoric.
Here's the bottom line: We need to stop talking about reshoring and instead talk about what Washington and the private sector need to do to really revive U.S. manufacturing competitiveness.
For more, read "Waiting for Onshoring"
in sister publication IndustryWeek.