The United Nations has criticized the trend of “friend-shoring” and “reshoring” manufacturing operations, warning that it might endanger a global trading system that is already vulnerable. Roughly 80 percent of the world’s traded goods are transported via the sea. In the past two years, the maritime industry has suffered from disruptions ranging from the COVID-19…
UN Warns of ‘Reshoring’ and ‘Friend-Shoring’ Risks in Fragile Global Trading System
November 29, 2022
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Reshoring Jobs Hit ‘Record High’ in US, Companies Beginning to Prefer Localized Production
August 29, 2022
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The number of jobs from reshoring—that is, moving back manufacturing and production of goods from overseas to where a firm was originally located—has hit a new high in the United States, according to a recent report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential goods propelled…
Reshoring of Jobs to US Projected to Hit Record in 2022: Report
August 29, 2022
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The number of jobs added in the U.S. from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to set a record in 2022, according to a report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential…
Reshoring of Jobs to US Projected to Be Nearly 350,000 in 2022: Report
August 29, 2022
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Business & MarketsCompanieseconomyFDI - Foreign Direct InvestmentMade in Americamanufacturing jobsPolicies & ImpactsreshoringUS
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The number of jobs added in the U.S. from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to hit almost 350,000 in 2022, according to a report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential…
Jobs Reshored to US Projected to Reach Nearly 350,000 in 2022: Report
August 29, 2022
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Business & MarketsCompanieseconomyFDI - Foreign Direct InvestmentMade in Americamanufacturing jobsPolicies & ImpactsreshoringUS
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The number of jobs added in the United States from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to hit almost 350,000 in 2022, according to a report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of…
Reshoring, Robotics, and Roller Disco
August 24, 2022
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Commentary In the 1970s, with America’s market opening to China engineered by those peerless (not) ethicists and strategists, Richard Nixon and Henry Kissinger, China became the “world’s factory” because many of America’s own factories moved there for the cheap and compliant workforce. Now folks are starting to realize—in part due to the pandemic, evidence of…
US Factory Construction Soars as ‘Reshoring’ Trend Builds Steam
Factory construction in the United States is surging as more American companies consider reshoring their production. Reshoring is the process of bringing back production and manufacturing of goods to a firm’s original country. An analysis of earnings calls and conference presentations by Bloomberg revealed CEOs indicating plans to relocate production at a greater rate in…
Reshoring Pharmaceuticals: Take the Advantage Away From China
News Analysis Pharmaceutical drugs are one of the most crucial areas where the United States is too dependent on imports. China is the number one source of U.S. imported drugs, by volume. President Joe Biden’s State of the Union address on March 1 highlighted restoring U.S. manufacturing, while several White House initiatives specifically mentioned pharmaceuticals. But there…
Reshoring: What Companies Consider for Moving Production to US
From the onset of the pandemic to fluctuations in cost and efficiencies, a growing number of companies have been thinking about bringing their overseas operations closer to home. Among North American manufacturers, 83 percent state they are likely or extremely likely to reshore, according to the “2021 State of North American Manufacturing Annual Report” by…
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