8 years ago
What it takes to bring "back" a manufacturing job
If you want to know what it takes to bring a manufacturing job back to the United States, the best place to start is with someone who’s done it. Like many manufacturers, the makers of TinkerToys and LincolnLogs shifted a lot of production to China in the late 90’s. “The savings were dramatic,” recalls Michael Araten, CEO of K’NEX. “In the range of 40 to 70 percent in some cases. Primarily it was labor costs but it was also the supply chain – China in particular subsidized the factories, subsidized the trucks to get things back and forth.”
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