‘Onshoring’ Gains Momentum in Indiana
A Hancock County manufacturer appears to be part of a trend that is bringing production back to the United States. Fortville-based Genesis Plastics Welding says it is being approached by more customers who want products made in the U.S., as opposed to countries with traditionally cheaper labor like China. Chief Executive Officer Tom Ryder says those labor costs are becoming more comparable and there are fewer logistics and quality issues with American made items. He discussed the “onshoring” trend on Inside INdiana Business Television.
Ryder says his company is a supplier for the medicial device industry and military.
He says at least one client approached the manufacturer after quality and logistics issues with a previous China manufacturer.
Ryder believes more companies are discovering more advantages about U.S. production instead of outsourcing including fewer quality issues and less transportation time.
He says there are strong indications the “onshoring” trend will continue to gain momentum.
Source: Inside INdiana Busines