American manufacturing has been declining for over three decades. Consumers wanted lower prices and companies realized they could source goods from countries such as China much more cheaply.
It seems, however, that times are changing. In a survey of 1,000 Americans conducted for Industry Edge by market research firm YouGov, a whopping 81 percent of respondents said they would buy something made in the U.S. because they believe it will help support our economy.
Wages in China are rising and shipping goods from Asia is costly and takes considerable time. Retailers and manufacturers are happily responding to the demand for U.S.-made goods.
Last year, General Electric began making some of its water heaters and refrigerators at U.S. factories. Wal-Mart announced plans in April to buy an additional $50 billion of American-made products over the next decade, and Apple said it would begin building some of its computers in the United States this year.
This is great news for inventors! If you or anyone you know has an invention idea and needs help, please contact us at New Product Consulting.