A year ago, many experts would have even predicted we were on the verge of such a renaissance. Manufacturing has grown faster than the overall economy for several years. Further, in the first quarter of 2012, factory activity took off at a China-like pace, growing at an annual rate of 10 percent. With a disappearing cost advantage in China, higher U.S. productivity, a fresh awareness of overseas supply chain risks and the comparative advantage arising from a shale gas and oil revolution, a growing number of experts are talking of a dramatic resurgence of American manufacturing.

That's not to say there are no bumps in the road.

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Keywords: supply chain management, supply management, U.S. manufacturing rebounds, U.S. manufacturing sees stronger growth