Reshoring Article Library
Should trade continue to be global after the pandemic?
The advantages China offers will not become available closer to home and the costs of reshoring are high and often prohibitive. Opportunities for global trade will be a key area for business growth after the…
2021 – Rebuilding our future one device at a time
As we prepare for 2021, do we dare reflect on 2020? Given COVID-19 and political drama, we prefer NOT! There will be books and movies to tell the 2020 story, so we’ll let Hollywood take…
Five Predictions For The Manufacturing Industry In 2021
There's no shortage of articles that will opine about how tumultuous 2020 was for the economy, jobs, and industry as the world grappled with the impact of COVID-19 on business and daily life. However, there's…
How to build more secure, resilient, next-gen U.S. supply chains
Beginning in the 1990s and accelerating after the inclusion of China in the World Trade Organization in 2001, many companies globalized their sourcing and production and embraced lean manufacturing techniques to reduce costs. As supply…
In Trade’s 2020 Comeback, Globalization Is Alive and Kicking
The COVID-19 pandemic was supposed to put the final nail in the coffin of globalization and prompt a retreat into a new era of protectionism. Instead, some are now calling the crisis the Great Accelerator.…
Globalisation is alive and kicking. That’s the message from trade’s big comeback in 2020
Geneva: The Covid-19 pandemic was supposed to put the final nail in the coffin of globalization and prompt a retreat into a new era of protectionism. Instead, some are now calling the crisis the Great Accelerator.…
What does US-CHINA decoupling mean for emerging markets?
A decoupling of economic and political ties between the US and China is likely to be one of the most important drivers of financial markets in the emerging world during the next decade. Ever since…
Reshoring Continues to Trend, as Chinese Policies Put a Chill on Business Relations
Reshoring continues to be strong in 2020 despite the pandemic and because of it, said the Reshoring Initiative in its latest report. US reshoring is outpacing foreign-direct investment (FDI) this year for the first time since…
Post-pandemic, how can Utah become more attractive to site selectors?
At a recent Site Selectors Guild webinar, several of the nation's top site selectors shared their perspectives on the future of office projects and other topics in a post-COVID world. EDCUtah's business development team compiled…
Rapid Robotics announces $5.5M seed funding to spark reshoring revolution
Rapid Robotics, creator of the first ready-to-work robotic machine operator, today announced $5.5M in seed funding from Greycroft and Bee Partners. With the first affordable robotics solution for executing simple machine operator tasks, Rapid is…
Out of Asia: Promise from Pandemic of a Manufacturing Renaissance in North America (Part 2)
Potential Governmental Role in Accelerating Reshoring Some U.S. firms are already reshoring without any government support. A large-scale reshoring, however, may require the government to subsidize part of the capital expenditure (“capex”) of relocating, as…
Rethinking the Supply Chain During COVID-19
For decades, labor cost differences have been a primary influence in the continuous shift of manufacturing production from the U.S. to China. In 1980, the cost of labor in the U.S. was more than 30…
After Questionable Offshoring Decisions, Boeing Invests in Bringing Jobs Back to the U.S.
The U.S. lost 3.4 million manufacturing jobs between 2000 and 2007, and a further 1.5 million between 2007 and 2016 — much of them to offshoring. More recently, however, factors such as the Trump administration’s trade…
How the pandemic could globalize the economy even more
Harold James has been writing about globalization, and its oft-expected demise, for the better part of 40 years. The economic historian at Princeton University has examined the effects of financial crises old and new, from…
The post-pandemic pivot for manufacturing companies: Findings from industry pulse survey
This year has presented manufacturing businesses with a major challenge of pivoting and adapting to the Covid-19 pandemic. During the summer of 2020, Citrin Cooperman surveyed over 200 manufacturing and distribution companies throughout the U.S.…
Secrid CEO René van Geer: “Producing in your own country will become the most normal thing in the world in ten years’ time”
Reshoring is currently the ultimate trend. The Dutch brand Secrid, inventor of the Cardprotector, is an expert in that field. ‘We have had almost all the parts produced in the Netherlands right from the very start”,…
UNCTAD gives its take on shipping in the post-pandemic era
The United Nations Conference on Trade and Development (UNCTAD) has issued its Review of Maritime Transport 2020 report. Contained in the 146-page publication, UNCTAD is projecting the volume of international maritime trade will fall by…
Is reshoring a viable option for U.S. manufacturers? A review of fresh data from SYSPRO
Recently, SYSPRO did something few ERP vendors do: original research. Some of their pandemic-impact results aren't surprising but some (like in manufacturing) are definitely impactful. The company also announced a new cloud version of their solution,…
Out of Asia: Promise from Pandemic of a Manufacturing Renaissance in North America (Part 1)
Written by George Y. Gonzalez and Jesus Alcocer, Haynes and Boone The COVID-19 pandemic has exposed the weaknesses of supply chains on which nearly half of the population relies on for life-saving medication. Countries have enforced…
Reshoring’s Impact on Middle-Market Manufacturing and Strategic Divestments: Day Two of the ACG Fall Summit
Tariffs and supply chain disruption from COVID-19 prompted many businesses to consider bringing their supply chains back to North America, which is good news for American manufacturers. U.S. companies rushed to offshore manufacturing activities to…