Contributed infographic in our business series. Enjoy! – Kimberly
Infographic created by WSI
Tag Archives: supply chain
US Experts See Growing Desire to Curb Outsourcing to China by Bernard Shusman
(Originally posted on Voice of America)
NEW YORK—For years, Chinese companies have sold far more goods in the United States than American firms sell in China. This trade deficit hit $318 billion in 2013.
A key reason is that many U.S. companies have transferred their manufacturing to China, a process called offshore outsourcing, resulting in the loss of American jobs. But the tide could be turning.