For many years, Made In America became synonymous with higher labor costs and declining quality. Company after company took their business overseas looking to boost profits. Without question, this mass exodus was devastating to the economy, as it stripped once proud towns and cities of jobs, factories, and pride. Thankfully, the trend of outsourcing is starting to reverse itself.
So, what has brought about this shift towards reshoring? As with any economic movement, a number of different variables are driving manufacturing back to American soil, as seen in this article. There are a couple that really standout.
Labor Costs: When reshoring first became a trend, costs of labor were much cheaper in places like China and Mexico than they were here in the U.S. Now, according to this article, those wages have grown 15-20% annually, making the wage discrepancy much shorter. As a result, companies are bringing manufacturing back to the States.
Quality: There is little question that the quality of American-made products outstrips those from most countries. We have an amazing pool of workers with superior training and education on every level of the manufacturing process.
Things are changing so quickly, that even the undisputed champion of low-cost, outsourced retail, Wal-Mart, recently pledged to buy an additional $50 billion in U.S. made goods over the next decade. It is a perfect sign that there is not only an emotional desire to bring manufacturing back to America, but also one built on profit margins.
At American Industrial Company, we have never strayed from our commitment to American made products. Since 1981, we have proven that you can manufacture high quality precision metal stampings in America, with American workers, and still compete on the world stage. From the look of things, more and more American companies are starting to come back around to our way of thinking.
High precision metal stampings. Complete turnkey solution. Attention to quality standards. Dock-Stock. What company encompasses all of these qualities? That would be us—American Industrial Company.
Having been founded in 1981, our company is family-owned and is currently in its third generation of owners. Because of our extensive history, we have been able to evolve and keep up with the constantly changing needs of the industry. How so? The investment in today’s technologies. It is understood here that the integration of automation into the manufacturing process helps make it much more efficient and precise. That is why, then, our systems include the highest level of technology—software, equipment, and machining centers all integrated into one engineering system, including electronic and computerized controls and features. This allows for the highest precision in metal stampings.
Our stampings are exactly that—precision, high tolerance, and stainless. Unlike four-slide stampings or deep drawn stampings, our stamping process allows for unlimited precision and form, on the highest grades of alloys with the highest level of expertise. Not only that, but as our name suggests, we are American owned and American made—we have certainly helped contribute to the rebirth of American manufacturing and we are excited to see fellow manufacturers begin to bring their manufacturing back to our shores.
As we move forward with our monthly blog updates, we hope to become your go-to expert on metal stampings, improvements in the manufacturing process, and the state of American manufacturing. We look forward to it!