North American Manufacturers Favor US in Near Term

WASHINGTON, DC–A survey produced by the National Association of Manufacturers (NAM), the Manufacturing Institute, the Canadian Manufacturers and Exporters and Deloitte found that North American manufacturers consider the US the most desirable country for expansion in the near future. The survey, Made in North America, reflects the views of 321 high-ranking executives in a broad range of North American manufacturing companies of all sizes.

According to the report, 44% of North American companies say they intend to expand production in the US over the next three years. Smaller percentages say they have expansion plans for other countries and regions. However, despite the results, respondents expressed concerns about the nation’s manufacturing climate in terms of competing in the global market. While 57% of US manufacturers hope to increase their share of international sales, they indicate improved performance partly depends on a shift in government policies to boost their competitiveness.

“Manufacturers cited controlling labor costs, enacting favorable tax policies and assisting with the severe shortage of skilled manufacturing workers, including engineers, scientists and technicians, as the top three areas that policymakers should address to help improve their global competitiveness,” says Emily DeRocco, senior vice president of NAM and president of the Manufacturing Institute, NAM’s research, education and workforce affiliate. “With an election on the horizon, US candidates should redouble their efforts to explain how they will address these major pressure points and improve prospects for a continued strong manufacturing production base in America.”