more-arw search

Manufacturing Executives Confident Industry Could Return to U.S.

Manufacturing Executives Confident Industry Could Return to U.S.

A recent survey of nearly 3,000 manufacturing executives from small to mid-sized companies found 85 percent believe it is possible that certain manufacturing operations could come back to the U.S.

The Cook Associates Executive Search survey, which polled CEOs, CFOs and COOs of manufacturing companies, found 37 percent believed overseas costs was the major player in manufacturing coming back to the U.S., with 19 percent citing logistics.

Kevin Logterman, the managing director of Cook's industrial and family business, said in a release that bringing manufacturing operations back to the U.S. could have a critical trickle-down effect on a number of sectors.

"With increased manufacturing here in the U.S., we would expect increasing demand for engineering, product development, operations and finance positions," Logterman noted. "We'll also see demand increase for finance/accounting specialists (CFOs, Controllers) who understand overseas operations and are able to calculate the true costs for exporting since they are difficult to quantify."

In New York, December's manufacturing activity has improved significantly to 9.53 from 0.61 last month, according to the recently released Federal Reserve Bank of New York's Empire State Manufacturing Survey. Economists polled by Dow Jones Newswires had only anticipated a rise to 3.0, the news source said.