Question

Research then discuss the growing trends of bringing manufacturing back to the U.S.. What products/businesses are most likely to be manufactured back in the U.S.?

Answer 1

In US manufacturing process are bringing back for boosting the economy of the country and for optimally uses of resources. If all the process of the production from raw material to final distribution is held in the same national boundary it will generate more revenue than outsourcing. Following are the latest trends in manufacturing processes:

• They are doing more strategic partership globally in order to obtain the raw material and the resources that are required for manufacturing.

• People who are highly engaged in manufacturing process can get more opportunities and can get more wages through it.

• They can do globalized manufacturing in order to enhance their operation of scales.

• Due to enhancement in technology such as IoT, AI, machinery and various tools more people can serve in manufacturing and provide more output.

•Through outsourcing or leasing, the residing manufacturers have been better able to focus their resources and their core competencies allowing them to strengthen their competitive advantages.

The product/businesses that can be more likely to be manufactured back in U.S. are- motocycle vehicle parts, pharmaceuticals, biotechnology, eletronics equipments, energy production and storage, transportation equipments, construction, machinery, chemical industry etc.