Reshoring Myth Explodes: Ofshoring Opaces Onshoring Every Year Since 2004 Except 2011
MishTalk
DECEMBER 21, 2015
Vietnam has absorbed the lion’s share of China’s manufacturing outflow, especially in apparel. Many in the media, along with consulting firms, think tanks, and economists, now proclaim the emergence of a U.S. percent below 2007 levels, with non-durable goods value-added (which includes chemicals and oil and gas) down almost 12 percent.
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