PERD Charts Global Growth
MSOE’s Professional Education & Research department has its sights set on global expansion. PERD Director, Dr.Medhat Khalil recently concluded a trip to the Middle East to explore new partnership opportunities with training companies in the Middle East. Some areas of potential partnership include new program development, customized private training and sale of MSOE’s one of a kind Universal Fluid Power Trainer. We are excited about the opportunity to offer you innovative educational programming and tailor made training seminars that meet your budget, in locations around the world. Please contact us to learn more about PERD’s value added training solutions now available globally.
Impact of Manufacturing Reshoring
Recent months have seen a gradual move towards reshoring for US manufacturing. China's manufacturing cost advantage over the United States has fallen to 5%, according to a report released by the Boston Consulting Group. Mexico now offers lowering manufacturing costs than China.
A number of factors have contributed to this change. The US now has a big energy cost advantage and has made huge productivity gains making it more lucrative for manufacturing.
How has the reshoring effort impacted your industry? Share with us. Also read the full report here, and find out how these changes will impact your industry.