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|Subject: Homeward bound||Date: 7/25/2012 1:37 PM|
|Author: TMFCogitarius||Number: 46572 of 46787|
'According to findings by the Boston Consulting Group, more than a third of US-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the US from China - or are considering it.
BCG predicted that improved US competitiveness and rising costs in China will put the US in a strong position to add 2 to 3 million jobs in a range of industries and an estimated $100 billion in annual output by the end of the decade.
Companies in seven industries - transportation goods, appliances and electrical equipment, furniture, plastic and rubber products, machinery, fabricated metal products and computers and electronics, are most likely to be among the first to bring back production to the US, according to the BCG report.
It predicts approximately 5-15 percent of goods that the US imports from China could shift to the US before the end of the decade.'
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