The Wall Street Journal Looks at the Dark Side of Reshoring
June 27, 2014
Tim Aeppel is one of my favorite reporters at The Wall Street Journal and his story on the reshoring trend is a gem that every economic developer should read.
“Bringing Jobs Back to the U.S. is a Bruising Task” takes a close look at two mid-sized companies, Stanley Furniture and Chesapeake Bay Candle, which have recently reopened manufacturing plants in the United States. The road has been filled with challenges, including shortages of skilled workers, regulatory difficulties and an unwillingness of consumers to pay more for the “Made in the USA” label. In the end, one company shut down its new $10 million plant. The other is making a go of it.
Amidst all the excitement about reshoring, this story is a cautionary tale for small and mid-sized manufacturers.
Click here for a link to the article. If you are not an online subscriber to The Wall Street Journal, just shoot me a quick email and we’ll email you a copy of the article.