Reshoring Is Gaining Momentum

More than a decade after the outsourcing trend reached its peak, a new trend, reshoring, is quickly gaining momentum in the manufacturing industry. For a variety of reasons, manufacturers are bringing production and the associated jobs back to the U.S., and the potential benefits to manufacturers, and the U.S. economy, are significant.

Several studies recently analyzed reshoring trends, and the number of companies looking to join the reshoring movement is remarkable. According to the Boston Consulting Group, 70% of U.S.-based manufacturers found sourcing in China more costly than they had anticipated; 92% believe Chinese labor costs will continue to rise; and a third of those with annual sales over $1 billion are planning or considering moving large-scale production from China to the U.S.