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Nearshoring may overtake homeshoring in the manufacturing supply chain

For several decades there has been a grand exodus of manufacturing from the traditional European and American bases to lower cost countries, especially China. As the Chinese labor market has begun to mature workers are beginning to demand higher wages and a number of companies have undertaken “homeshoring” or “reshoring” of their manufacturing, bringing production back stateside. However, a new phenomenon is beginning to be felt – nearshoring, or moving final production closer to the end market. […]

7 new developments that will soon change the face of manufacturing

A quick rundown of some trends that we are now seeing and that are sure to have a more significant effect on industry soon. Discusses private spaceflight, 3D printing, the Industrial Internet and the Internet of Things, simulation, collaborative robots and wearable computing. […]

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