Reshoring

There have been 1,675,000 jobs returned to the US in the past 13 years because of reshoring. Today, many U.S. manufacturers are reevaluating their production and sourcing locations and are taking a closer look at the benefits of reshoring. Some of the most commonly cited advantages include higher product quality, shorter delivery times, rising offshore wages, lower inventory and the ability to be more responsive to changing customer demands. More than 80% of North American manufacturers are considering reshoring. The five industries experiencing the greatest growth in reshoring are electrical equipment, appliances, computers, chemicals and medical equipment. Reshoring does not mean foreign companies building products in the US it means US companies building products in the US.