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U.S. manufacturing because of low energy and wages to regain competitiveness
Date:2013-12-02 16:36:55

According to the Boston consulting group research report released yesterday, said the U.S. manufacturing industry after years of outflow, due to low energy prices and relatively low wages to regain competitiveness.

The report said, due to the increasing competition, the United States each year over the next six years will be away from Europe, Japan and China and other exporters manufacturing exports of $70 billion to $115 billion. These new production, together with factors such as manufacturing flow, will lead to the United States in 2020 to increase from 2.5 million to 5 million jobs.

Report says: "the United States is becoming a manufacturing in the developed country one of the lowest cost of production." By 2015, the U.S. labor costs than in Germany, Japan, France, Italy and the UK low 16% ~ 35%. In addition, thanks to the development of shale oil, the United States energy prices fell sharply. By 2015, the us natural gas price will be lower than these countries by 60% ~ 70%, electricity price low 40% ~ 70%. Low energy prices will increase the United States such as chemical industry, industrial metal and textile manufacturing industry's competitiveness.

According to the report, if the product will eventually sold to the United States, considering factors such as logistics, freight and operational risk, the selection of manufacturers in the United States will be more economic.

 
 

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