Outsourcing to Asia / 200,000 new jobs in 10 years research finds

More than 200,000 new manufacturing jobs could be created in the next decade as mid-sized manufacturing businesses end the process of outsourcing to Asia according to new research from the Royal Society for the encouragement of Arts, Manufacturers and Commerce and supported by Lloyds Banking Group.

The ‘Making at home, owning abroad’ study found that advances in production technologies, combined with an increase in costs and regulations abroad, are leading for a growing trend for goods to be manufactured closer to the countries where they are sold.

In particular manufacturers are facing increased oil prices, rising labour costs in countries such as China and a growing emphasis on sustainability and reducing emissions.

This combination of factors has created tipping points for several industries including electronics, fabricated metals, machinery, plastics, rubber and furniture.

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via Lloyds predict 200,000 new jobs in 10 years (From Wiltshire Business Online).