The Motley Fool's industrial analyst, Isaac Pino, recently attended The Atlantic magazine's Manufacturing Summit for insight into the industry and visited General Electric's (NYSE:GE) 30 Rockefeller offices for a closer look at the $250 billion conglomerate. Isaac and Motley Fool Money host Chris Hill weigh in on the company's transformation over the past few years, its game-changing investments in 3-D printing and the industrial Internet, and the opportunity ahead for GE shareholders.
In the following segment, Isaac takes a closer look at the opportunities for a company like GE to return manufacturing operations to the United States. As a case study, GE's Appliance Park facility in Kentucky employed 23,000 workers in 1973, but that figure dwindled to only 1,863 in 2011. However, the Appliance Park story is a long way from over, and the facility is in the midst of a revival that bodes well for manufacturing hubs across the country. Just last March, Jeffrey Immelt asserted in the Harvard Business Review that outsourcing is "quickly becoming mostly outdated as a business model for GE Appliances." Isaac and Chris discuss the drivers behind this "insourcing boom" and why this is a trend that won't go away.
Chris Hill has no position in any stocks mentioned. Isaac Pino, CPA, and The Motley Fool own shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.