Domestic industrial output has been slowly rising over the last three years. And many of the reasons that compelled US manufacturers to flock to off-shore factories two decades ago—low labor costs, moderate fuel and energy costs, and strength of the US dollar—are beginning to trend the other way. Is the US experiencing a cyclical, post-recession recovery, or are we in the early stages of a manufacturing renaissance? While the answer to that question will only be revealed over time, manufacturing companies have plenty to begin thinking about today: What are the most important factors affecting this trend, and how could a US manufacturing renewal affect all areas of their business—from supply chain and site selection to tax and talent.
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