The coronavirus pandemic may get American companies to do something the government has wanted for decades: return manufacturing to the United States.
Global manufacturing consulting firm Kearney released a report Tuesday that shows American manufacturing companies are leaving China en masse, spurred first by the trade war and solidified by China's inability to contain COVID-19 after unleashing it on the global community.
Indeed, the report indicated a "dramatic reversal" of a five-year trend in 2019 showing U. S. export its manufacturing.
Last year, U. S. production "2019 commanded a significantly greater share versus the 14 Asian low-cost countries," the report said. Hardest hit was and continues to be China.
In addition to returning production to the states, U. S. companies are also moving t... (Read more)
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