Record-Breaking Private Sector Wage Growth
Caldwell County ranked 20th out of North Carolina’s 100 counties for wage growth in 2023. Since 2015, wages have grown an impressive 51.5%.
18 Dec 2023
News
The U.S. manufacturing sector has been quietly undergoing a resurgence as the widespread disruptions caused by the pandemic brought into sharper focus the criticality of having secure, resilient, well-functioning supply chains. Accelerated by legislative incentives such as the Inflation Reduction Act and the CHIPS and Science Act, this paradigm shift is taking hold as onshoring, reshoring, and nearshoring considerations have significantly intensified among U.S. businesses and governments alike.
This raises the question, is the U.S. ready for a manufacturing renaissance?
With revived efforts to begin reshoring and nearshoring manufacturing to and toward the U.S., several challenges have surfaced, namely the lack of available manufacturing space, labor and talent shortfalls, as well as significant infrastructure improvements required for much-need supply chain efficiency and, ultimately, success.