October 24, 2015
Companies Return to U.S. Manufacturing Roots
Manufacturers in the U.S. contribute approximately $2.09 trillion to the economy. This figure has steadily risen in recent years, and we are seeing the U.S. go back towards its manufacturing roots. Mar-Bal has stuck to these roots for 45 years and has been family owned from the start. October is manufacturing month, and we think it’s important to shed some light on the importance of manufacturing and its come back in our country.
Mar-Bal manufactures in three different states, and employs around 500 people. For two-consecutive years, Mar-Bal has been recognized as one of America’s fastest growing companies. The recent growth in the overall industry reveals several reasons why manufacturing should shift back to the U.S.
Over time, our society has shifted to higher expectations on the timeliness of ordered products. For example, Amazon Prime gives customers the opportunity to have products delivered at record times, alleviating the once long wait for online orders. An increasing number of companies are striving to manufacture products closer to where their customers are to keep up with this growing trend.
Another reason has to do with cost. In the past, it was cheaper to manufacture outside of the U.S. However, the wage gap between U.S. and China is shrinking. This makes the U.S. a more appealing choice for manufacturers.
Our economy may be receiving a boost from the return of manufacturing. In the future, there is a great possibility that more companies will follow in Mar-Bal’s footsteps of long term, family-owned quality and success.
Blog post by Ashlyn Davidson, PR Intern for Mar-Bal, Inc. and a Senior Public Relations Major at Virginia Tech.