A report issued by the company has pointed out that "Made in the USA" may be ready to make a comeback. The reason is that with the rise of China's labor costs and the appreciation of the renminbi, the era of the US outsourcing a large amount of manufacturing to China is coming to an end, and the United States will become a manufacturing power again in the next five years. This Boston report predicts that by 2015, US-made products will likely lead China. The Obama administration is sure to welcome the Boston Consulting Group's research report. The revival of US manufacturing is a key component of the plans that Obama has made for the continued improvement of the US economy. At present, the large tax incentives in the US states are beginning to make some of the reasons that led US companies to decide to move their production overseas overseas, and even some companies have dispelled the idea of ​​moving their businesses away from the United States. In recent months, Caterpillar, General Electric, Ford and other US manufacturing giants have announced plans to invest in new funds in the US manufacturing industry. Looking back, the lack of sufficient attention from the Clinton and George W. Bush administrations to the US manufacturing industry has made China's manufacturing industry rise rapidly. Although American manufacturing is not as declining as the average person imagined, the status of American manufacturing today has indeed declined significantly compared to the heyday of the Second World War. Internationally, the highest peak of the US manufacturing industry in the 1950s accounted for more than 40% of the global manufacturing industry, and now only 20%. In China, the proportion of US manufacturing in GDP fell from the highest 30% to around 11%. It is precisely when manufacturing in the United States is at a low tide that in the past 20 years, Chinese manufacturing has seized the opportunity and has its due position in the global market. Because China has a lot of low-cost labor, the United States, with high wages, cannot compete with China's products that require a large number of workers, such as toys, clothing, household appliances and other supermarkets. Therefore, it seems that only the Chinese media is filled with the global media. In supermarkets in the United States and other western countries, people will see many "clothes made in China" labels on clothing or appliances, and foreign consumers are buying Chinese. In the eyes of many people, the United States manufactures products that require more technology and engineering, such as aircraft, semiconductors, and machinery. It seems that it does not produce anything other than computer software, medicine, airplanes, and Hollywood movies. Despite this, the United States is still the world's largest manufacturing country. It can be seen that “Made in the USA†has not disappeared, but it is rare in the field of daily necessities. More importantly, the US manufacturing industry has quietly carried out transformations and upgrades again and again. In addition to the United States, the products that are currently being processed in countries such as China are branded and designed by Americans. Take the automotive industry as an example. GM, Ford, Chrysler, etc. are all American car brands, and the only transfer to China is the production base. The real "brain" of the company is still in the United States. Although the Chinese auto industry is slowly replacing the US auto industry, the replacement can't just mean how many GM, Ford, and Chrysler cars we produce. In fact, US companies such as GM and Caterpillar have shifted their production bases to China, but China still cannot replace the "heads" of the United States. This "head", for industrial products, at least includes two things: one is technology, and the other is brand. For more than a decade, China has established an empire called the “cheap†factory in the world. Despite its abundant resources and manpower, China still lacks globally recognized brands and has selected the 100 most valuable brands in the world in recent years. Among them, the United States has 51, and China is famous on the list. Compared with US manufacturing, China's manufacturing industry is still lagging behind in important factors such as technology, quality control, management, professional technology and other high-end manufacturing industries. For more than 20 years, the lack of core technology has been considered a curse that hangs over the fate of "Made in China." Perhaps China is still locked in the huge population resources and indulge in the assembly workshop of the "world factory." Nowadays, the resurgence of the United States is not a good sign for Chinese manufacturing. This means that China Manufacturing will encounter strong opponents for a long time to come. Because in terms of technology and brand competition, China has no competitive advantage. At present, US companies produce 21% of the world's total manufactured goods – although China's market share is expanding, it only accounts for 8%. Some people may say that Chinese manufacturing will still win by cost advantage. However, how long can the low-cost advantage last? China's coastal areas have no advantage of low cost. Many foreign-funded enterprises in the Pearl River Delta and the Yangtze River Delta have already moved to lower-cost countries such as India, Bangladesh, and Vietnam. Some experts predict that if China's labor costs are still growing at a rate of 10 to 12% per year, then in the foreseeable future, American manufacturing will throw Chinese manufacturing far.
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