“Reshoring” Brings Manufacturing Back to US
March 21, 2014
After several shaky years, prospects are looking up for the manufacturing industry, both in the nation and in Georgia. Dr. Roger Tutterow, Professor of Economics at Mercer University and financial analyst and advisor, will share his perspective at the Second Annual Manufacturing Trends Luncheon Thursday, April 17 at the Dalton Golf and Country Club.
Tutterow will speak “On the Economic, Political and Manufacturing Environment.” He appears courtesy of The Center for Economic Research and Entrepreneurship of Dalton State’s School of Business; the lunch program is co-sponsored by the Greater Dalton Chamber of Commerce, Dalton-Whitfield Joint Development Authority, and The Dalton State Foundation.
“Manufacturing is recovering and with the announcements of several new manufacturing plants and expansions of existing plants, the industry will continue to be a vital part of Northwest Georgia’s economy,” says Dr. Larry Johnson, Dean of the School of Business and Professor of Economics at Dalton State. “We are honored to have Dr. Tutterow both here on campus and at the luncheon to give us an update on the latest trends in manufacturing.”
Among the trends Dr. Tutterow notes is the move back to the U.S. of some manufacturing plants that previously moved offshore to save money. “The prospects of ‘reshoring’ of production back to the U.S. are quite compelling,” he said. “Labor costs are rising abroad, reducing the advantages of foreign production.”
True to form, our region is experiencing a resurgence of manufacturing activity.
“In recent years, there has been an increased recognition of the importance of manufacturing to Georgia,” he said. “Further, policy decisions have reflected the importance of this industry.”
“Georgia has enjoyed several manufacturing ‘wins’ in the last year,” he continued. “One can point to examples of reshoring and of foreign direct investment right here in our state.”
Tutterow’s analysis of the economic, business, and political environments have been featured in a variety of media including “The Wall Street Journal,” “Financial Times,” “USA Today,” CNN, CNBC, NBC, Bloomberg Television, NPR’s “Marketplace,” and “All Things Considered.”
"Our community has a wonderful opportunity to hear a leading expert in the field of economics discuss trends not only vitally important to our nation but our community as well," said Brian Anderson, President and CEO of the Greater Dalton Chamber of Commerce, a co-sponsor of the luncheon.
Currently a Professor of Economics at Mercer, Tutterow previously service the University as Dean of its Stetson School of Business. In addition to his work in academia, he has served as a consultant on financial economics and statistical modeling for corporate clients ranging from Fortune 500 companies to closely held businesses. He serves as Chief Economic Advisor for the Henssler Financial Group, and Atlanta-based financial services firm, and as a strategic advisor to Georgia Oak Partners, an Atlanta-based private equity firm.
He was selected as one of “Georgia’s Most Influential” by “James” magazine and by “Georgia Trend” magazine as a “notable Georgian.” In 2003, then-Governor Sonny Perdue appointed Dr. Tutterow to serve on the Governor’s Council of Economic Advisors, a capacity that he continues to serve in for Governor Nathan Deal. He has provided expert testimony on economic, financial, and statistical matters in state and federal court, before the Georgia General Assembly, and before the Georgia Public Service Commission. He has spoken before professional groups in 23 states and Canada on a variety of topics in the economic, business, and political arenas.
A native of Georgia, Dr. Roger Tutterow holds a B.S. in Decision Science from Berry College and an M.A. and Ph.D. in Economics from Georgia State University. He has held faculty and administrative appointments at West Virginia University, Georgia State University, and Kennesaw State University. Dr. Tutterow also served as a visiting professor at the University of the West Indies in Trinidad and at the Institute for Industrial Policy Studies in Seoul, South Korea.
The Center for Economic Research and Entrepreneurship is an outreach of the College’s School of Business that provides economic research and analysis to local businesses and economic developers. CERE sponsors a speaker series and publishes a newsletter, “Business Analytics,” which addresses topics of local economic interest. The newsletter is available on the Center’s website, www.daltonstate.edu/cere.
The cost of the luncheon is $15 and pre-registration is required. To register, go to the “Upcoming Events” tab at www.daltonchamber.org and click “Manufacturing Trends.”
For more information about Dr. Roger Tutterow or the Second Annual Manufacturing Trends Luncheon, contact Dalton State’s School of Business at 706-272-4507.