Some Danish companies offshoring production are now turning back to Denmark, according to the online paper cphpost.dk.
With rising Chinese wages, many manufacturing jobs are likely to be brought back home
While many companies continue to offshore manufacturing jobs in search of savings on labour and raw materials, a small but noteworthy countertrend has begun both here in Denmark and abroad.
Numbers of Danish companies have discovered that manufacturing overseas is not the moneymaker they expected it to be and are now bringing production back home, tells cphpost.dk.
Copenhagen Business School associate professor Peter D. Ørberg Jensen confirmed the observation, he says that wages are rising especially in the southeast part of China.
This trend was also noted in the US, where companies as Caterpillar, NCR Corporation and Ford have pulled production back to the US.