"Onshoring" and innovation

by Nick Armet, Investment Commentator at Fidelity

April 2013

Apple’s headline-grabbing decision to make computers in the US is not an isolated case. Last year, General Electric moved the manufacture of washing machines and refrigerators from China to Kentucky. Ford has bought home car production from China and Mexico to Ohio and Michigan. Google is assembling its Nexus Q media streaming device in California, while Caterpillar is opening a new factory in Texas. A 2012 survey by MIT of 198 US manufacturing firms with foreign operations found that 15% of them had firm plans to bring back some production to the US, while as much as one-third are considering such a m1o vTeh.e trend
is happening elsewhere too. In the UK last year, GlaxoSmithKline revealed plans to invest 500 million pounds (A$725 million) in a new bio-pharma manufacturing facility; the first time in 40 years the company has built a factory on British soil.


Please click here to read more of the article