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PCB-Mar2018

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80 PCB007 MAGAZINE I MARCH 2018 ditional investment in U.S. manufacturing op- erations and the creation of 25,000 new Amer- ican jobs. Carrier The HVAC manufacturing giant announced the cancellation of a planned move of 1,400 jobs from its Indianapolis factory to Mexico. Apple The technology company will bring hun- dreds of billions of overseas dollars back to the U.S. and invest tens of billions on domes- tic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the U.S. over five years and will create 20,000 new jobs at exist- ing sites and a new campus. These are only some of the high-profile com- panies putting their money behind Made in America. You can see the optimism at all levels of business; from the mom & pop local phar- macy to the big box retailer, business is better than it's been in a long time. In Conclusion I have been on the record for the past 10 years saying that jobs we lost overseas may move out of China to a new low-cost country, but they were never coming back. I have nev- er been happier to be wrong! I talk to a lot of CEOs, and the first question I ask is, "How's business?" The answers are overwhelmingly positive, and it is clear that their optimism is at a level not seen for over a decade. America as a low-cost country. Think about that. PCB007 References 1. CIA's The World Factbook 2. Bureau of Labor Statistics 3. Reshoring Initiative Steve Williams is the president of The Right Approach Consulting LLC. To read past columns, or to contact Williams, click here. Figure 3: 2016 Global Manufacturing Competitiveness Index (Top 20).

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