Manufacturing & The Economy
“Thanks to the boom in U.S. oil and gas, the country now possesses an abundance of inexpensive energy. As a result, the U.S. is an increasingly attractive location for manufacturers that are energy intensive or that can use natural gas as a primary input. Clear winners are chemicals and petrochemicals (e.g., plastics), and also sectors that serve those industries,” Carol Wingard and Michael Connerty from L.E.K. Consulting write for the Harvard Business Review.
While it’s a safe bet that factories in China won’t be shutting down and re-opening here anytime soon “expect many companies to locate new manufacturing facilities in the U.S., particularly in sectors such as aerospace and defense, industrial manufacturing, oil and gas, and the automotive industry.”