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Caterpillar Joins Onshoring Trend03-18-10 | News

Caterpillar Joins Onshoring Trend




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Manufacturers such as Caterpillar are also counting on White House jobs incentives, as well as their ability to negotiate lower prices from U.S. suppliers who were hurt by the downturn and willing to bargain. - Photo Courtesy of Caterpillar


Caterpillar is considering relocating some heavy-equipment overseas production to a new U.S. plant, part of a growing movement among manufacturers to bring more operations back home?EUR??,,????'?????<

The trend, known as onshoring or reshoring, is gaining momentum as a weak U.S. dollar makes it costlier to import products from overseas.

U.S-based suppliers are also seeing an opportunity to push manufacturers to source parts domestically. Three manufacturing groups, the National Tooling and Machining Association, the Precision Metalforming Association and the Association for Manufacturing Technology, will host a supplier fair in May for manufacturers to see what suppliers can offer. ?EUR??,,????'?????<

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