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However, BCG's report argues that we are currently just witnessing the beginning of a major shift in global manufacturing.
While BCG cited low labor, natural gas and electricity costs, Williamson emphasized lead-times.
BCG believes that would mean the U.S. unemployment rate could drop by up to three percentage points from its current rate of 7.4.
Now, BCG says there is more reason for people who make stuff in the U.S. to take heart.