Economics & Business
“Thorley Industries LLC began planning several years ago to launch a baby car seat with a set of electronic controls and a potential novelty: The Pittsburgh-based firm considered making the seats in the U.S.
U.S. to again make most of the electronic gadgets, tools, toys, furniture, lighting and other household products that tally more than $500 billion a year in imports.
Wages (in US) are stable, while China’s have soared. The U.S. energy boom has reduced natural gas prices and kept a lid on electricity costs. Plus, more companies want to protect designs from overseas copycats, keep closer tabs on quality control and avoid potential disruption in supply chains that span oceans.
Investments in automation
More U.S. companies would shift production from abroad if they analyzed the costs of overseas production to include such things as the shuttling of executives abroad and holding large inventories as a hedge against supply disruptions