“Outsourcing” and “off-shoring” - those are words our parents and grandparents never really encountered.
But if you’ve worked in Michigan the past 10 to 15 years, it’s a pretty safe bet you are very aware of outsourcing and off-shoring.
American manufacturers have sent tens of thousands of jobs overseas or across the border - to Mexico, to China, to India, and other countries - setting up foreign plants or farming out work to foreign manufacturers in those countries where labor is cheaper, and costs are lower.
But there’s a new term being heard these days - "Re-Shoring."
Could it be that work is coming home from those distant shores?
Tobias Schoenherr, a professor of supply chain management at Michigan State University, and Tom Harrison, CEO of Michigan Ladder Company based in Ypsilanti, joined us today.
You can listen to the full interview above.