Reshoring or the return of outsourced manufacturing is revitalizing marine precision machining, industrial welding machine shop, custom laser cutting service, and metal fabrication services in Florida. The same way it has partly resurrected the manufacturing industry in the United States.
From making up 53% of the U.S. economy in 1965, manufacturing fell to 39% in 1988. And to a paltry 9% in 2004. A far cry from being the sector that built the U.S. economy in the first half of the 20th century.
Manufacturing creates jobs. And the outsourcing of manufacturing operations to cheap labor economies wrecked havoc on the livelihood of many Americans around the 2008 economic crisis.
Labor costs in China are rising. The quality of imported goods is often inconsistent. And while the gas boom has slashed power costs in the U.S., the Chinese yuan is gaining on the dollar. The manufacturing cost-gap is fast declining. Reshoring is inevitable.
Speaking of the manufacturing activities in Florida:
Reshoring apart, Florida benefits from a business friendly climate – no sales tax on manufacturing equipment, low unionization rates, skilled technicians, and good infrastructure.
Which is why marine precision machining, industrial welding machine shop, custom laser cutting service, and metal fabrication services in Florida are poised for growth.
Kemplon Engineering embodies and further extends the essence of Florida’s manufacturing through sublime marine and industrial engineering.
0 Comments