The last two years have touched almost every supply chain imaginable. Even before the pandemic started in earnest, American manufacturers were already interested in reshoring. Back in 2019, manufacturers wanted to reduce their dependence on foreign markets and cut their carbon footprints. But now as demand for components continues to outpace supply — some analysts…
The Covid-19 pandemic, supported by U.S. government initiatives, has spurred a national push to strengthen the domestic supply chain, according to the Reshoring Initiative. If the second half of the year progresses at the same rate as 1H, reshoring and foreign direct investment (FDI) job announcements for 2021 are projected to be over 220,000 –…
The Covid-19 pandemic has exposed the fragility of long, complex supply chains. It has also shown how reliant many U.S. and European companies are on the overseas supply of critical items, bringing to the fore a long-debated issue—are we ready to reshore? A recent survey by Supply Chain Dive revealed that 64 percent of interviewees…
Editor’s note: This is one of two articles focusing on strategies that mitigate the impact of tariffs on imported goods. Tax and business advisory firm KPMG identified seven successful tactics in its webinar TradeWatch: Section 301 Tariffs; What we’ve Learned in Year One. This article covers recommendations one through three. Tariffs, according to leading tax…
The tariffs that President Donald Trump has slapped on Chinese imports haven’t sparked the widespread return of manufacturers to the U.S. that Trump envisioned, according to A.T. Kearney’s latest Reshoring Index. The United States has made significant changes to its trade policy with the specific intent of bringing manufacturing home. However, imports from 14 traditional…
The pace of reshoring among U.S.-based manufacturers dropped significantly in 2017, according to management consultancy A.T. Kearney, which has been tracking the trend since 2013. After rising to a five-year high in 2016 — in the wake of a U.S. presidential election that paid a lot of attention to manufacturing, job losses and China —…
Depending on how one defines “reshoring,” manufacturing activity is increasing in the Americas. Specifically, electronics businesses and researchers say, Mexico is the biggest beneficiary of North American manufacturing companies re-thinking their global footprint. An executive of a U.S.-based electronics manufacturing services (EMS) company at a recent ECIA gathering said that bad experiences in China have had…
Although the pace of U.S. reshoring decelerated in 2015, one manufacturing expert says the trend is far from standing still. A recent report released by consultancy A.T. Kearney concluded that the U.S. reshoring train “has yet to leave the station.” The Reshoring Initiative (www.ReshoreNow) disagrees. “Repeated surveys by Boston Consulting Group, Plastics News/Nexant, Alix Partners…
The trend known as reshoring remains controversial, depending on how success is measured. Many companies have been persuaded by incentives to not move offshore, and several large electronics manufacturers, including Apple Inc., have opened factories within the U.S. But when compared with the number of companies moving to other regions, reshoring comes up short. In 2015,…
Manufacturers that are planning to add production capacity over the next five years for products consumed in the U.S. plan to increase capacity in the U.S. more than any other country, according to new research released by The Boston Consulting Group (BCG). Almost one-third of U.S. executives at large manufacturers said they are most likely to…