American manufacturing companies have a spring in their step

Economist | February 07, 2019

American manufacturing companies have a spring in their step
A drive along the narrow county roads of Mount Pleasant, Wisconsin, used to be a sleepy affair. You would spot a pumpkin farm, the odd homestead, and red barn. But a recent visit revealed a cacophonous building site: a factory is emerging in this corner of the Midwest. Where chicken coops once stood, Foxconn, a Taiwanese contract-manufacturing giant best-known for assembling iPhones, has arrived.
When in 2017 the firm announced plans to build a massive factory for high-end televisions, many cheered, not least President Donald Trump, who came for last year’s groundbreaking ceremony. Electronics manufacturers had long ago abandoned America for cheaper countries, especially China, so the investment seemed to mark a reversal.

Spotlight

Made in America - it’s the great Cinderella comeback story. Manufacturing labor and material costs used to be lower overseas - but that’s old news now. Today, manufacturing is moving full steam ahead in the U.S. and is one of the primary stimulants of the country’s economy.

Spotlight

Made in America - it’s the great Cinderella comeback story. Manufacturing labor and material costs used to be lower overseas - but that’s old news now. Today, manufacturing is moving full steam ahead in the U.S. and is one of the primary stimulants of the country’s economy.

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