Additive manufacturing, 3-D printing, artificial intelligence, and nanotechnology also factor heavily into the economic comeback. While the state of American manufacturing has been grim for the past decade, the "reshoring" trend and new technologies are making the outlook for the future of American manufacturing look brighter than it now appears. In the past few years, the key factors for returning manufacturing to America have been quality problems, rising labor costs, intellectual property theft, rising shipping costs, long lead times for product delivery from Asia, and the cost of inventory for the larger lots you have to buy from Asia to get the cheaper prices. Now, Harry Moser's "Total Cost of Ownership" worksheet calculator is helping companies quantify the hidden costs of doing business offshore enabling more companies to make the decision to reshore manufacturing.
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