Are any good products still made in America?
Conventional wisdom says U.S. companies have shuttered their factories and moved manufacturing abroad for cheap labor. During the recession, 2 million manufacturing jobs vanished. Here's the story you don't hear: The United States is still the world's largest manufacturing economy, producing $1.6 trillion of goods each year, or 21 percent of global production. And that number may rise as more companies move back to the United States in search of lower costs and higher quality.
The United States will experience a manufacturing renaissance within the next five years, predicts the Boston Consulting Group. Increases in Chinese wages and shipping costs, as well as subpar manufacturing quality overseas, have already inspired some companies to consider "onshoring" or "reshoring" their production efforts back to the United States. And as U.S.-based industrial giants such as General Electric (GE) and Caterpillar (CAT) make the switch today, thousands of smaller companies continue to churn out best-in-class products across the country. We're celebrating 10 American companies making signature consumer products with American ingenuity - and leaving foreign-made competitions in the dust.
This article was updated on July 1, 2011.