AT Kearney, a Global strategy and management consulting firm, released its 2014 Reshoring Index®. As per the report, apparel manufacturing industry is amongst the top three industries being reshored. Out of the industries being reshored, 12 per cent are apparel manufacturers.
The first in a series of studies looking objectively at the rate and pace of the return of manufacturing operations to the U.S, under this index manufactured goods flows are tracked over a 10-year period to show the change in ratio between U.S. manufacturing imports and gross output during that time period. “We’ve been following reshoring with interest since 2010, and have a growing database of 700+ reshoring cases across all industries,” informs Patrick Van den Bossche, A.T. Kearney partner and leader of the firm’s Americas Strategic Operations Practice and co-author of the Index. “While the so-called reshoring trend has helped improve the mood of U.S. manufacturing since the Recession, the reality is that the import value of manufactured goods into the U.S. from 14 low-cost Asian countries has grown at an average of 8 percent per year in the last five years,” asserts Pramod Gupta, A.T. Kearney principal and study co-author.
