Is the reshoring trend for real? Sean Adkins, managing director and operations practice leader with West Monroe Partners LLC, a business and technology-consulting firm, talks about the factors that are making China a less attractive place to source manufacturing for consumer markets in the western hemisphere. Wages in China are on the rise, he says, and importers must shoulder additional costs such as the need for buffer stock and longer supply lines. But will the U.S. be the main beneficiary of this trend? What about Mexico, and other low-cost sources of production closer to home?
