Great read on GE’s manufacturing returning to the USÂ andÂ GE’s CEO,Â Jeff Immelt, recent change in mind on manufacturing in the US.
Immelt made a startling assertion. Writing in Harvard Business Review in March, he declared that outsourcing is â€œquickly becoming mostly outdated as a business model for GE Appliances.â€ Just four years after he tried to sell Appliance Park, believing it to be a relic of an era GE had transcended, heâ€™s spending some $800 million to bring the place back to life. â€œI donâ€™t do that because I run a charity,â€ he said at a public event in September. â€œI do that because I think we can do it here and make more money.â€