Insourcing is Booming

 

This great new piece in the Atlantic documents what we’ve said for a while: bringing jobs back to the US matters.

This isn’t just a political talking point – it’s about the bottom line.

Writing in Harvard Business Reviewin March, (GE CEO Jeff Immelt) declared that outsourcing is “quickly becoming mostly outdated as a business model for GE Appliances.” Just four years after he tried to sell Appliance Park, believing it to be a relic of an era GE had transcended, he’s spending some $800 million to bring the place back to life. “I don’t do that because I run a charity,” he said at a public event in September. “I do that because I think we can do it here and make more money.”

Emphasis on the last line is added, but the message is clear. Advanced manufacturing is critical to the future of America’s economy.