LOS ANGELES—Technological advancements, protection of intellectual capital and efficiencies in the supply chain are causing manufacturers to rethink foreign production, Colliers International‘s president of brokerage services, US, and national director of industrial Dwight Hotchkiss tells GlobeSt.com. Hotchkiss says there has been a definite trend of manufacturing jobs returning to the US over the last decade or so.

On-shoring has occurred for a few reasons,” says Hotchkiss. “First, with advancements in technology like robotics, firms don’t need to pursue inexpensive labor from around the globe.” Many manufacturing jobs had gone overseas or to Mexico in order to reduce labor costs, but with these technological advancements, more companies are realizing that they don’t have to offshore.

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