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(AMM) 'Reshoring' debate heats up among trade groups
August 20, 2010 - 23:02 GMT
Location:
LOS ANGELES
KEYWORDS:
Federal Reserve
,
AAM
,
Alliance for American Manufacturing
,
onshoring
A debate among industry groups about the effectiveness of a "reshoring" campaign being waged by some domestic trade organizations has been reignited by data released by the Federal Reserve showing a decline in the amount of overseas business returning to the United States vs. two years ago.
A debate among industry groups about the effectiveness of a "reshoring" campaign being waged by some domestic trade organizations has been reignited by data released by the Federal Reserve showing a decline in the amount of overseas business returning to the United States vs. two years ago.
The Alliance for American Manufacturing (AAM) is arguing that responses to a survey conducted by the Federal Reserve Bank of Philadelphia have exposed the "myth" that onshoring (another term for reshoring) is growing in this country.
Claims that reshoring is on the rise are "a lot of hot air," Scott Paul, director of the AAM, said Friday,...
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