Wed.0411012D13-10:54 am by Joel Hans. Managing Editor, Manufacturing.net
Over the last few years, there has been an increasing amount of buzz around the concept of “re-shoring, “in which an American company decides it’s more financially viable to bring manufacturing operations back to the U.S. from a foreign land. Generally speaking, company leaders are finding that the “total cost” of producing overseas -including rising labor costs, duties, freight fees and loss of intellectual properly -actually makes outsourcing the worse financial picture. And even though many companies would like to manufacture in the U.S., there are still some barriers preventing that sea change. We spoke with Narayan Laksham, founder and CEO of Ullriva, about some of those challenges, and how they can be overcome.