Guess which country is becoming a lowest-cost manufacturer? (spoiler alert: it’s not China)
The U.S. is on-track to become one of the lowest-cost manufacturers in the developed world. We know that sounds like a typo – but when Boston Consulting Group says it in Business Week, it’s probably pretty reliable. Click here to read the article.
Here’s why BCG has the nerve to suggest this:
1. The U.S. will have a labor cost advantage of 20%-45% over other developed countries by 2015 – only 3-years from now.
2. The U.S. has access to low-cost energy sources, specifically natural gas.
3. Better competencies in logistics give the U.S. an edge as a global export base. Several big foreign manufacturers are planning to use the U.S. in this capacity.
As always, we welcome your ideas and comments.