Reshoring and Schiff

This news seems to contradict Peter Schiff's claim that America has lost its manufacturing ability.

DETROIT NEWS -- "A Royal Oak bead company expects to double its sales and bring jewelry manufacturing business back to America through a partnership with a design and manufacturing firm in Grand Rapids. Collegiate Bead Co., a 2-year-old manufacturer of licensed college and sorority beads and other collegiate jewelry, has joined with Terryberry LLC to bring the jewelry to market and expand its product line. After manufacturing in China for a year, Collegiate Bead founder Dave Schowalter decided to bring the manufacturing back to Michigan. The move goes against the outsourcing trend — something Burroughs Payment Systems Inc. in Plymouth also bucked a year ago, when it decided to locate six customer service representatives in Michigan after initially moving the work to India."

HT: Carpe Diem

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