Friday, August 23, 2013

Walmart and Manufacturing's Tipping Point

A two-day Summit on manufacturing sees numerous companies announce plans to reshore manufacturing work back to the U.S. GE announces a $30 million investment, including two plants in Ohio. The upbeat Summit brings together high-profile Governors and, even, the Commerce Secretary.

Who would have thought Walmart would be the host?

The Washington Post, albeit with a skeptical bias, reports on the Summit which ends today.

In another piece, Walmart CEO Mike Duke had the best line, "I really think we're at a tipping point now for U.S. manufacturing. Transportation costs are going to continue to rise, so I think producing product near consumers is a phenomenon that's happening here in the United States and will be a tremendous opportunity."

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