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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

for example, compared to shipping state-to-state. For example, Chinese wages have increased 320% since 2000. Overall, from 2001 to 2008 average Asian wages increased 7.1-7.8%, Foxconn, for example, announced plans to reshore in Pennsylvania, investing $40 million for a mostly automated plant. energy costs have dropped.

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[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

Editor's Note: This is a guest blog from Freightos , is a SaaS-enabled marketplace for the logistics industry. Magazine article) as a goliath looking to take on the entrenched "David" shipping industry. One visionary, Malcom McLean , is featured prominently in the industry’s development. Did You Know That …. Significance.

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[INFOGRAPHIC] Attracting Millennials to Manufacturing: Understanding Millennial Experience in Order to Gain Talent

GlobalTranz

Unfortunately, these events lead to one common issue: millennials do not view the manufacturing industry as previous generations did. In 2001, millennials saw the destruction of both towers of the World Trade Center, and the passion for keeping America strong was born.

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The 5 Benefits of Virtual Reality in Manufacturing

GlobalTranz

Meanwhile, Facebook and Google are clamoring to create virtual reality platforms for deployment across a variety of industries. Manufacturers can see what’s going on, review how workers’ responsibilities could be changed, and determine if the changes would save the manufacturer money, a key point in a 2001 publication on virtual reality.