Called Reshoring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Better quality products is bringing manufacturing back to the united states. there's a term for it called reshoring. after years of outsourcing or off shoring we are now seeing manufacturers, whether they're domestic manufacturers bringing jobs back or over seas companies taking advantage of a much, much lower energy cost german petrochemical companies, auto companies coming to the u.s. because a lot of these other companies china and much of our region have lost their competitive advantage with respect to wages, currency devaluations and the cost of energy is so considerably higher overseas. ...

Multimillion dollar factory in maryland which can produce up to 2400 candles an hour. >> this new word is now popping up called reshoring. reshoring refers to the fact that offshoring in the past, of jobs to china, jobs to india, is coming back. >> reporter: the american anti-dumping trade policy is a significant reason why mei xu is reshoring her production to the usa. but it's not the only reason. >> shipping costs have increased more than 30% every year due to fuel costs. >> and actually shipping those candles is quite expensive. and as freight costs went up we started looking. >> and we qu...

Multimillion dollar factory in maryland which can produce up to 2400 candles an hour. >> this new word is now popping up called reshoring. reshoring refers to the fact that offshoring in the past, of jobs to china, jobs to india, is coming back. >> reporter: the american anti-dumping trade policy is a significant reason why mei xu is reshoring her production to the usa. but it's not the only reason. >> shipping costs have increased more than 30% every year due to fuel costs. >> and actually shipping those candles is quite expensive. and as freight costs went up we started looking. >> and we qu...