Manufacturing revival predicted for the US

The Wall Street Journal reports that many are anticipating a major manufacturing revival in the U.S., which would lead to a huge boost in jobs in the manufacturing and technology sectors.

According to Dominic Barton, the managing director of McKinsey, a consulting company, there are three major drivers that will push the manufacturing industry back to the U.S. from foreign countries. The first driver is the price of oil and natural gas, which has dramatically in recent years because of the shale boom.

Additionally, there are some sectors, such as aerospace and automotives, that never left the U.S. completely, but only made a partial move overseas. These industries are positioned in such a way that they will begin to see exports to foreign countries rising again.

Finally, the U.S. remains a leader in technology, and as manufactured devices become more sophisticated, companies will turn to the nation's skill sets to manufacture the highest quality and most technologically advanced products.

Rita Gunther McGrath, associate professor at Columbia Business School, believes the global dynamics for what makes manufacturing in one country cheaper than another are beginning to change. It will soon become less expensive to manufacture in the U.S. than in China. Chinese workers are expecting better wages and the cost of building factories there has expanded.

Many companies are moving their manufacturing plants out of foreign countries and bringing them closer to the U.S., the Journal reported.

This benefits their supply chain because products can be shipped more immediately. American consumers have begun to expect to receive their products much sooner than it would take to send something from China all the way to the U.S.

One company that is expanding its manufacturing base
One company that is expanding its manufacturing center is Trinity Packaging, according to Area Development. The company plans to spend $9.5 million to grow its operations in Rocky Mount, Virginia. The project will create an additional 25 jobs. The company has expanded this factory in the past, and it may expand again.

"Trinity Packaging Corporation continues to grow in Franklin County, as this project is the company's second major investment in its Rocky Mount operation in less than four years," said Virginia Governor Terry McAuliffe. "Trinity's history spans nearly 100 years, and we are proud that this valuable Virginia employer is on the roster of companies that continue to bolster the thriving advanced manufacturing industry in the Commonwealth."

Growing businesses can work with manufacturing recruiters to find the optimal candidates for their open positions.