How to Choose Between Domestic Versus Foreign Clothing Manufacturers
One may sometimes hear that US manufacturing is a vestige of a bygone era. That American companies can’t compete with the cost of foreign labor and cheaper raw materials, resulting in an off shoring of jobs to countries like India and China. For many years, this was the overall trend in manufacturing. An estimated 5 million US manufacturing jobs were sent overseas between 2001 and 2011, with a third of them going to China alone, according to the Kellogg School of Management at Northwestern University. Looking back even further, Forbes estimates that the number of American factory workers fell from approximately 30% of the total population in 1950 to approximately 8.5% in 2017. This trend has plagued every manufacturing industry, from automobiles to telecom to clothing manufacturers, but many experts are starting to see a change on the horizon. For example, the Kellogg School explains that labor costs are beginning to rise globally, thanks in part to a b...