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Nine out of 10 U.S. companies say they expect to bring some or all of their production or sourcing back home in response to new tariffs imposed under President Donald Trump’s trade policy, according to the latest Allianz Trade Global Survey.The survey, published on May 20, hints at an acceleration in reshoring efforts as U.S. firms adapt to the tariffs, as Trump pursues a global trade reset to boost domestic manufacturing and correct what he says are decades of unfair practices by other countries that put the United States at a disadvantage.Allianz researchers found that roughly 90 percent of U.S....

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 Thomas, an industrial sourcing platform. That percentage is significantly up from March 2020, when 54 percent of manufacturers reported that they were considering taking steps to reshore.Shifting operations to the United States could spark an influx of funds and jobs throughout the country. If manufacturers that...

The head of the U.S. Chamber of Commerce says he doesn’t believe it’s necessary to ‘reshore’ all industrial production to the United States, which runs counter to President Donald Trump’s “America First” mindset and strategy to reinvigorate American manufacturing. In an online conference this week, Chamber CEO Tom Donohue cautioned about “reshoring” too much of the supply chain from China back to the U.S., Reuters reported.“Protecting the resiliency of our supply chain doesn’t have to mean reshoring all production in the United States,” he said.While it may be that the U.S. will need to bolster its domestic production capabilities in...

U.S. companies are leaving China thanks to the trade war. They’ll leave even more thanks to the pandemic. Sorry, Davos Man. Your China-led globalization is going out of style like bell bottoms. Global manufacturing consulting firm, Kearney, released its seventh annual Reshoring Index on Tuesday, show what they called a “dramatic reversal” of a five-year trend as domestic U.S. manufacturing in 2019 commanded a significantly greater share versus 14 Asian exporters tracked in the study. Manufacturing imports from China were the hardest hit.

people are under the impression that manufacturing jobs are only moving in one direction: offshore. While many corporations are shifting certain jobs overseas to reduce manufacturing costs, there’s a lot more to the story. In reality, there are many businesses that have been making strenuous efforts to bring jobs back to the United States, a phenomenon known as the reshoring movement. Want to learn more about reshoring in the United States? Keep reading to see which U.S. companies have brought the most jobs back to the states, plus more information on this important new movement. Companies reshore jobs in part...

After decades of offshoring, established bicycle brands and entrepreneurs are bringing bicycle manufacturing back to the United States as overseas costs rise and companies realize the value of "local for local" production. Kent International will roll out approximately 350,000 bikes at its Manning, S.C. factory, but expects to produce about 500,000 bikes in the U.S. in 2017, and has set a target to ramp up to more than 1 million bicycles by 2020. From hand-crafted boutique brands to high-volume manufacturing and assembly, dedicated U.S. bicycle makers are reshoring bike production to the U.S. A confluence of factors including rising offshore...

A few days ago, DJT, in his farewell tour, was remarking about learning that 70K businesses had been off-shored, and said he thought it was a typo, 7,000, ok maybe, but 70,000? Tariffs are terrible, except when they're not, and have been long been necessary to protect infant industries until the rest of Caesar's laws in Caesar's world toughens them up to fly solo. Well, I submit that the industries offshored over the last 20 years ARE infant industries when we re-start them using tariffs. Most of the employees of closed factories are still here and could presumably start up...

Every major presidential candidate, even those most beholden to Wall Street, says he or she opposes the offshoring of American jobs. Like vows to "defeat ISIS" and "repair our crumbling infrastructure," the nationalist cri de couer against "shipping jobs overseas" has become a bipartisan catchphrase of the 2016 race. But political rhetoric is one thing and economic reality is another. Offshoring has become an effective way for U.S. companies to build and manage their products and services. Look at Apple Computer. Except for the Mac Pro personal computer, possibly the best company in the history of American business doesn't produce...

Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group. After watching the US bleed jobs for years as manufacturers offshored production to China, "now we're watching a switchback," Harold Sirkin, a co-author of the BCG research, told AFP. More than 70 percent cited better access to skilled labor as a reason to move production to the US, more than four times as many who cited it for moving production away from the US. For goods that would be sold in the US, nearly 80 percent gave...

States lure manufacturers and shore up jobs Susan Caminiti | @SusanCaminiti Sunday, 29 Jun 2014 | 7:00 AM ETCNBC.com 474 It wasn't long ago that the thought of corporations bringing their manufacturing back to the U.S. seemed all but impossible. But that's precisely what's happening, and the trend is predicted to continue through the rest of the decade.Consider Kent International, one of the largest U.S.-based bicycle manufacturers. The company, with headquarters in Parsippany, New Jersey, has been making its bikes overseas for more than 20 years. But with Chinese labor costs rising over the past several years, the company...

Press Releases September 24, 2013 Majority of Large Manufacturers Are Now Planning or Considering ‘Reshoring’ from China to the U.S. A Survey by The Boston Consulting Group Finds That the Share of U.S.-Based Executives Actively Engaged in the Process of Shifting Production Has Doubled Since Early 2012 CHICAGO, September 24, 2013—More than half of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the U.S. from China or are actively considering it, according to a new survey by The Boston Consulting Group.The share of executives who are planning to “reshore” or...

A bit more good news for American manufacturing as Whirlpool announced it would move its commercial washing-machine production from Mexico to the United States. According to a press release, Whirlpool will shift production of its commercial front-load machines from Monterrey, Mexico to Clyde, Ohio. At 2.4 million square feet, the Clyde plant is the largest washing-machine factory in the world. Operations are due to begin in April, 2014. The Wall Street Journal first reported the story. Whirlpool said the relocation will make the company more efficient, since 90% of the commercial machines are sold in the U.S. (the rest are...

      Why factory jobs may be returning to America What 2014 could bring after years of losing manufacturing jobs to low-cost Asia by Tamsin McMahon on Thursday, January 2, 2014 5:00am - 11 Comments VIEW IN CLEAN READING MODE » WHAT IS THIS ?   Workers at the Motorola smartphone plant in Fort Worth, Texas. (LM Otero/AP) With its 1.5 million factory workers earning as little as $300 a month to make iPhones, laptops and PlayStations, the Chinese behemoth Foxconn has become a potent symbol of America’s manufacturing decline and the transfer of jobs to Asia.Which is why so many...

Twelve million Americans are currently unemployed, according to the most recent Department of Labor statistics. Forty percent of the unemployed have been so for at least six months, and the average job seeker spends 36.9 weeks out of work. The good news for the jobless? US industry is now in the throes of a “reshoring” trend: “Next year we’re going to bring some production to the US,” Apple (NASDAQ:AAPL) CEO Tim Cook told Bloomberg Businessweek in December. “This doesn’t mean that Apple will do it ourselves, but we’ll be working with people and we’ll be investing our money.” The bad...

Reshoring is the economic idea of the moment. The idea is simple. The costs saved by manufacturing goods in China will disappear as Chinese wages rise, leading manufacturing jobs to “reshore” themselves back home to the west. A rise in the renminbi would accelerate this process. This would be a dream for Barack Obama, a politician from America’s industrial heartland. So too for David Cameron and Nick Clegg in the UK, eager to prove that we are all in it together. Manufacturing jobs have traditionally paid well and offered good careers to men who did not excel at school. This...