Jimmy Buffett famously sang "my occupational hazard is my occupation's just not around." In recent decades, that line sounded all too familiar to many Americans losing jobs in the manufacturing sector.

As we reported last year, however, "reshoring" of manufacturing operations continues to rise. In fact, a recent Boston Consulting Group report indicates a 20 percent rise in "reshoring" of manufacturing operations from China in the past year. The Made in America, Again: Third Annual Survey of U.S.-Based Manufacturing Executives report also indicates that nearly 25 percent of U.S.-based executives at large companies would consider returning production to the United States in the near future. Factors that drive "reshoring" decisions include access to skilled workforce and talent and increasing local control over the manufacturing process.