Businesses in the West are increasing reshoring their production due to three main factors.
  • AutoTL;DRBEnglish
    3•3 months ago

    This is the best summary I could come up with:

    Chris Ball and Ian Whateley sit around a large office table and talk about how much they are benefiting from UK firms reshoring.

    They say that Ace’s order book is greatly improving as its clients increasingly bring manufacturing work back to the UK.

    It is far easier to do that in a capital-intensive factory in Birmingham or Baltimore, than one in Beijing, as Prof Dennis Novy an expert in trade economics at Warwick University explains.

    It is not just the patriotic thing to do, western governments have become increasingly aware that they are becoming dependent on potential enemy nations for their cutting-edge technology and supplies.

    Mexico has all the advantages these days - cheap labour, ease and speed of access to the American market, and it is a friendly neighbour of the US inside a free-trade zone.

    Ace’s Mr Ball says the firm is due to be visited by a an aerospace company, “and they’re looking at bringing stuff in from other areas of the world”.

    The original article contains 1,096 words, the summary contains 166 words. Saved 85%. I’m a bot and I’m open source!