
Businesses are always looking for innovative ways to save money. After all, who doesn’t want to save on cost of goods sold to bolster the bottom line and profitability?
To reduce expenses, some companies in recent years have attempted to offshore their manufacturing to take advantage of highly skilled, lower priced labor and production. However, many are returning to the U.S. for several reasons, including increased transportation costs due to rising oil prices, the devalued dollar and inferior quality of workmanship. Foreign-made products, for example, account for the majority of product recalls in the U.S., prompting a closer look at bringing manufacturing back to North America.