In 3 years, it will be cheaper to manufacture in the U.S. than in China

In Fortune magazine's "U.S. Manufacturing costs are almost as low as China's, and that's a very big deal," reporter Brian Dumaine attributes U.S.'s increase in manufacturing competitiveness to cheaper oil and gas and faster productivity in the U.S. and rising wages in China. 

"The average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG [a Boston consultancy] projects that by 2018, it will be 2% to 3% cheaper to make stuff here than in China."

According to BCG’s David Gee, risks of delayed shipping from China, port strikes, and local investment requirements of international companies in China can outweigh the 5% higher cost of manufacturing in the U.S.. 

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