WBJ - Manufacturing panel: Reshoring brings opportunities, challenges to Kansas
First, the positives. Wichita has a favorable location in the I-35 corridor as well as space, low costs and incentives that are attractive to possible manufacturing opportunities.
Challenges are that there are concerns about housing, lodging and infrastructure capabilities. I don't think the Wichita area is in bad shape here, but what do I know. There's also concern about talent availability in the area for certain high tech operations. As stated in the article, Wichita State and Tech are working on that, but that takes time. Though I'm not sure if bringing in people from outside the area to kick things off is a bad thing or if maybe it's problematic to find those people willing to relocate for such a job. I'd like to think that as certain companies would grow in the area that there would be more and more options available due to the focus of WSU/Tech in these fields. But as the article does point out, the coasts have a lot more of those people available immediately. Though, with growing discontent in some areas of the country over costs of living and taxes, it might be easier to get that talent to come here for good jobs.
Either way, I hope Wichita and the area is active in trying to bring in some of these manufacturing opportunities as they return to the States.
$1 trillion in estimated opportunity over the next seven years.
According Keith Prather, managing director at Armada Corporate Intelligence, that is what the U.S. could tap into thanks to the growing momentum behind bringing manufacturing back from overseas.
"We can finally see companies putting their money where their mouth is. We're seeing that reshoring trend happening," said Prather, citing that manufacturing construction is the second-fastest growing construction category in the country.
But while reshoring is a great opportunity for Wichita and the state, it is not without challenges, according to a Thursday panel hosted by the Wichita Business Journal and McCownGordon Construction in downtown Wichita.
Around 100 people attended the event at The Vail titled, "How Global Shifts Impact Wichita Manufacturing Businesses."
As the global supply chain has seen significant disruptions in recent years, U.S.-based and international companies have been increasingly considering moving manufacturing back to the U.S.
According Keith Prather, managing director at Armada Corporate Intelligence, that is what the U.S. could tap into thanks to the growing momentum behind bringing manufacturing back from overseas.
"We can finally see companies putting their money where their mouth is. We're seeing that reshoring trend happening," said Prather, citing that manufacturing construction is the second-fastest growing construction category in the country.
But while reshoring is a great opportunity for Wichita and the state, it is not without challenges, according to a Thursday panel hosted by the Wichita Business Journal and McCownGordon Construction in downtown Wichita.
Around 100 people attended the event at The Vail titled, "How Global Shifts Impact Wichita Manufacturing Businesses."
As the global supply chain has seen significant disruptions in recent years, U.S.-based and international companies have been increasingly considering moving manufacturing back to the U.S.
Challenges are that there are concerns about housing, lodging and infrastructure capabilities. I don't think the Wichita area is in bad shape here, but what do I know. There's also concern about talent availability in the area for certain high tech operations. As stated in the article, Wichita State and Tech are working on that, but that takes time. Though I'm not sure if bringing in people from outside the area to kick things off is a bad thing or if maybe it's problematic to find those people willing to relocate for such a job. I'd like to think that as certain companies would grow in the area that there would be more and more options available due to the focus of WSU/Tech in these fields. But as the article does point out, the coasts have a lot more of those people available immediately. Though, with growing discontent in some areas of the country over costs of living and taxes, it might be easier to get that talent to come here for good jobs.
Either way, I hope Wichita and the area is active in trying to bring in some of these manufacturing opportunities as they return to the States.
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