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Small Manufacturers Need to Reevaluate "Made in the USA"

Posted 12:38 PM by

Much has changed in the manufacturing industry over the past 10 years when it comes to offshoring decisions. Ten years ago, it was assumed by most manufacturers that outsourcing and buying parts from overseas would be a cheaper and more profitable approach. However, the current environment is not so easy to read. recently published a call to reevaluate the concept of “Made in the USA" for the following reasons, among others:

Increased shipping costs have led many manufacturing business owners to reevaluate whether the overseas parts are really less expensive than making them stateside. And manufacturers are tired of having to deal with the lag time involved when shipping parts from overseas, which typically occurs on slow-moving container ships. This can cause problems when getting products to customers on a timely basis, which impacts customer satisfaction. Not to mention a weaker U.S. dollar has made foreign-made goods more expensive.   

Read Made In The USA Back In Style For Small Businesses for more information.

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

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