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~~ Ebook The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha

Ebook The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha

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The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha

The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha



The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha

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The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, by Harold L. Sirkin, Justin Rose, Micha

For years, conventional wisdom has maintained that manufacturing in the United States is in terminal decline. But now the tide is turning. Rising wages and currency rates, among other factors, have dramatically narrowed the gap between manufacturing costs in China and the United States, with the result that several US companies are now bringing manufacturing jobs home to America.

In The US Manufacturing Renaissance: How Shifting Global Economics Are Creating an American Comeback, authors Harold L. Sirkin, Justin Rose, and Michael Zinser provide historical perspective on why the death of US manufacturing has often been predicted—but failed each time. And why the present will be no different.This special report also explores:

• How China became the default location for manufacturing

• How the United States has responded to previous threats to its manufacturing base, from Japan in the 1970s; Korea, Taiwan, Hong Kong, and Singapore in the 1980s and 1990s; and China now

• The 7 tipping-point industries that stand to gain the most from reshoring

• What the US government can do to accelerate bringing jobs home

• 4 strategies for succeeding in the manufacturing renaissance

Based on new research drawn from The Boston Consulting Group’s “Made in America, Again” series and the success stories of companies that have successfully reshored, The US Manufacturing Renaissance offers a recipe for an American manufacturing renaissance that will ensure the long-term success of the US economy.

  • Published on: 2012-11-05
  • Released on: 2012-11-05
  • Format: Kindle eBook

Most helpful customer reviews

5 of 6 people found the following review helpful.
Challenging the "received wisdom" about U.S. manufacturing
By Roger the CFO
Almost all of the published materials that you read about business these days is circular - people repeating the conventional wisdom and selling it as insight.

But in this book Hal Sirkin and two of his Boston Consulting Group colleagues take a contrarian's point of view and challenge accepted "truth" that the decline of manufacturing in the U.S is inevitable. By projecting the latest trends out a few years (their target is 2015) they show that the same financial analysis that drove the move to China will start to move in favor of North American manufacturing - both Mexico and the U.S.

The authors predict that we will start to see a significant about of "onshoring" of production ...moving factories closer to home.

The best section of the book for me was the "math" about the actual numbers involved in the skills gap for U.S. manufacturers. We are certainly short of the highly skilled (and paid) welders, tool and die makers, etc. that are needed to make modern manufacturing work - but the authors convinced me that this is a problem that is fixable, not a national crises. The chattering classes continue to see this as a huge impediment to the American economy (see today's NYTimes for more handwringing about the shortage of welders in U.S. manufacturing). But the actual number of workers involved is not very large ...and certainly fixable if some of the authors' common-sense recommendations are followed.

All in all, a very stimulating read that will lead to some interesting debates in boardrooms across the U.S. ...and quite a few factories in China!

7 of 10 people found the following review helpful.
Sorry -- This book is WRONG!
By Bruce Bishop
As a victim of globalization, I am always thrilled by any optimistic news that says the manufacturing jobs might be coming back. It won't impact me, but I would love to be able to encourage my grandchildren to consider careers in manufacturing, or in services related to manufacturing.

Unfortunately, I discovered some "flies in the ointment" when reading this book.

1. The assumption that U.S. workers are three times as productive as Chinese workers and that it takes three times as many Chinese workers as U.S. workers for any particular manufacturing job is wrong. It appears that U.S. workers are more productive because all of the labor-intensive jobs are being done in China, while most of the work that remains here is highly-automated. There is no other reason to assume that U.S. workers are more productive than Chinese workers.

2. Mr. Sirkin claims that goods with around 25% labor content will be re-shored as Chinese wages catch up to U.S wages. Pray tell, what are the other elements of product cost? Material? Overhead? Energy? Compliance costs? Do we really believe that China has no cost advantage in these components too? A goodly portion of material cost is labor cost. A major portion of "overhead" cost is management and engineering salaries.

3. Our labor costs were driven up, initially, by competition and by some bloody labor strikes. Do we really believe that the Communist Chinese government will tolerate lengthy labor strikes? Tiananmen Square, anyone?

4. Has Mr. Sirkin considered the barriers to entry for U.S. companies to get back into manufacturing? The industry where I spent much of my career, decorative lighting, had accumulated decades of knowledge about the design, engineering, material procurement, facility design, planning and operation of plants employing upwards of 1000 people. They had, over the years, built up extensive product lines to satisfy the broad range of customer demands. All of that is gone. It was all gone by 1995. The older people have retired, or died; and the younger people, who should have been acquiring that knowledge, have been working at BigBoxMart. I stopped teaching Industrial Engineering at a university in 1998, after ten years, because there was no longer any market for what I was teaching.

5. Our government has always played an adversarial role toward manufacturing. By piling on taxes and regulations, our government made it more and more difficult for manufacturers to stay in business. When our government "opened the back doors" with NAFTA and the WTO, manufacturers ran into the "loving arms" of Communist China. Most had no choice. They could remain as part of the supply chain, or simply go out of business.

6. The "progressives" who are running our government, our media and our popular culture, will never allow manufacturing to return. It took them fifty years to drive it out of the country. When states start offering tax incentives to companies considering start-ups, they will scream "CORPORATE WELFARE!" Springsteen will write songs about corporate exploitation of workers and the Meryl Streeps and Jane Fondas will start making anti-corporate movies again.

7. I have no idea what is driving Mr. Sirkin and Boston Consulting Group to take this position. Paul Craig Roberts, in his book "How The Economy Was Lost," says that the jobs are NOT coming back. He says the ". . . free market shills on the payroll of the U.S. Chamber, N.A.M, and think-tanks that are recipients of grants from transnational corporations are whores aligned with the elites who are destroying the American work force." P155.

8. In my opinion, our only hope for bringing back the manufacturing jobs would be to impose "Balanced Trade," as recommended by Warren Buffett in 2003. You can Google it. Despite Buffett kissing Obama's ass for all these years, there is no indication that Obama has any interest in seeing U.S. manufacturing jobs return.

I gave this book one star, both to draw attention to my review and to punish Mr. Sirkin and Boston Consulting Group for misleading the American people. If I were not aware of all the misinformation in the book, I might have given it five stars.

My e-book, "Don't Blame Wal*Mart If Your Job Went To China" is available on Amazon Kindle

1 of 1 people found the following review helpful.
Opinion and anecdotal. Limited presentations of data.
By Mark Kohalmy
While an enjoyable and thought-provoking read, the dominance of opinion and deferral to anecdotes limits this book to arming the reader to be a provocative cocktail party guest.

While accepting the authors' hypothesis based on my own experience as a division manager of a Fortune-500 manufacturer of industrial goods, the lack of research data makes it difficult to determine if our experience is unique. For someone without experience one is left to wonder how much energy and effort should be devoted to the book's prescription.

I look forward to reading the authors promised works based on future research.

See all 18 customer reviews...

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