For decades, manufacturers shifted production of many products overseas — primarily to China — in an attempt to cut labor costs and protect margins. Supply chain snarls and a global pandemic are now forcing companies to rethink their efforts, and the pace for onshoring is picking up. In the report “Global Economic Factors Align Favoring U.S. Plastic Product Manufacturing over China-Based Operations,” JobsOhio enlisted the help of Shale Crescent USA to identify opportunities for plastics industry expansion that support business growth, create high paying jobs, enhance national security, and foster long-term, sustainable economic development.
The study found tremendous advantages and opportunities in Ohio. Quite simply, it is no longer cheaper to import plastic-based manufactured goods. It has become economically wise to manufacture plastics in Ohio.
The message of the report is clear: China has lost its competitive edge.