The return of the ‘Made in America’ label? – Tennessee – The state is leading the revival of manufacturing in America
An almost perfect storm of factors is boosting American manufacturing. The shale revolution has lowered energy costs and made the US look competitive again.
Rising wages in emerging markets like China is another reason. Black & Decker says it now costs the same to produce in America as it does in China once logistics and transport costs are taken into account. Plus, the US has maintained its position as the technology leader, so productivity is high.
President Obama came to Tennessee last month. The state is leading the revival of manufacturing in America. The home of country music and southern barbecue is now surprisingly being called the new Detroit. Read more at: http://www.bbc.com/news/business-31509223