Reshoring Article Library
How to Navigate the Reshoring of Pharmaceutical Manufacturing
In recent years, geopolitical and economic trends have been encouraging pharmaceutical drug manufacturers to shift their active pharmaceutical ingredient (API) sourcing and physical manufacturing plants onto domestic soil or near-shore locations. This has been a…
30% of Manufacturing Companies Plan to Increase Localization Within 6 Months
Ever since the ongoing COVID-19 pandemic began to shut down factories and disrupt supply chain operations throughout North America and Europe beginning in March of this year, reshoring has been one of the hottest topics…
FNB Economist: Pandemic Fallout Could Bring Jobs Back to US
NILES, Ohio – Faults in the international supply weaknesses exposed by the coronavirus pandemic could lead reshoring by U.S. companies, a First National Bank economist said Thursday. At the Youngstown/Warren Regional Chamber’s Economic Forecast Breakfast,…
Watch: Is the Pandemic Driving Manufacturers Back to the U.S.?
Rosemary Coates, executive director of The Reshoring Institute, explains why the coronavirus pandemic might finally be the crisis that drives manufacturers to shift production from China back to the U.S. The progress of reshoring in recent…
Leaving China? It’s not as easy as you think
Our work helping companies reshore manufacturing has increased significantly since the beginning of the trade wars, and now the pandemic. Reshoring is a hot topic in business, discussed in C-level staff meetings and Board meetings…
Leaving China? It’s not as easy as you think
Our work helping companies reshore manufacturing has increased significantly since the beginning of the trade wars, and now the pandemic. Reshoring is a hot topic in business, discussed in C-level staff meetings and Board meetings…
Why Your Corporate Values are More Important Than Ever [Confessions of An Industry Millennial]
Confessions of an Industry Millennial As young professionals in a new era of evolving technology and changing practices, millennials are facing challenges that their predecessors never encountered – from establishing a data security plan to…
How Biden And Trump Plan To Reshore Jobs
Hey, everyone. It's Cardiff. This is THE INDICATOR FROM PLANET MONEY. Today is, of course, Election Day. And here on THE INDICATOR, we have already examined the big differences in the economic policy agendas of…
Why We’re Reshoring Our Manufacturing: A CEO’s View
In 2015, I started my high-tech trucking panel company in a garage. I was still in graduate school, getting my MBA from Stanford University, and money was tight. We began making prototypes of our concept:…
ISM’s Manufacturing Index for October Reaches Highest Level Since September 2018
The ISM’s indexes for new orders, production, backlog of orders, employment, supplier deliveries, inventories, prices, export and imports all rose compared to their September levels. The new orders index rose 7.7 points to 67.9%, the…
Supply Chain Strategy Trends: COVID-19 is Prompting Executives to Reconsider Resilience
Supply Chain Strategy Trends: COVID-19 is Prompting Executives to Reconsider Resilience “Resiliency” of U.S. Consumers is Good News for Today’s Supply Chain Managers ISM reports October manufacturing out output hits highest level in more than…
Manufacturers need to be more like Sheryl Crow and less like Billy Joel
From adapting quickly to meet changing market demands, to acting decisively to protect your employees, managing a successful business today means being comfortable with change, uncertainty and ambiguity. For many business owners and managers, their…
National Manufacturing Policy Desperately Needs A Revamp
The case has never been more vital for new policy that supports a robust manufacturing sector. Though offshore manufacturing, and the low prices that result from it, has been good for consumers, globalization has contributed…
Packaging Material Sourcing Skyrockets As Industrial Reshoring Continues to Rise
This week’s Thomas Index Report is sponsored by Econo-Pak, an FDA and USDA approved, SQF certified contract packaging services provider. Welcome to the Thomas Index Report for the week of November 2nd. As a quick reminder…
Survey Says: Americans Prefer “MADE IN USA”
LOS GATOS, Calif., Oct. 30, 2020 /PRNewswire/ -- Americans say they prefer products that are Made in the USA and they are willing to pay up to 20% more for them. The Reshoring Institute recently surveyed nearly 500 Americans across…
The Lasting Impact of COVID-19 on Global Trade
In recent months, we’ve watched the world come to a standstill, forcing individuals and businesses to hit pause as the COVID-19 pandemic touches every corner of the economy. Reliance on the global market has forced…
All Ashore
Companies are rethinking their preferred “shoring” prefix. For years, “offshoring” meant minimizing costs and maximizing profit. Then trade tensions and tariffs heightened supply chain anxieties—which were in turn exacerbated by pandemic disruptions. Combined,…
5 Post-Covid Changes Supply Execs Should Expect
The supply chain is the backbone of modern business, and it faces some unprecedented changes these days. Supply chain managers have faced an unusually extreme set of challenges amid Covid-19. These difficulties will transform the…
Size of U.S. Talent Pool, New Tech Job Opportunities Fueling Growing Reshoring Interest
Reshoring, or the reverse trend of offshoring, increased in the last decade but was really put under the microscope with the advent of the pandemic. With many supply chains temporarily disabled due to the global…
Podcast | Strategies for Bringing Manufacturing Back to the U.S.
Easier said than done: That pretty well describes the task of shifting manufacturing out of China and back to the United States. Still, a number of producers are considering it. From the standpoint of total…