Reshoring Article Library
Reshoring does not mean ‘Buy America’ only
U.S. government officials have called for the “reshoring” of domestic industrial capacity in several areas in recent weeks. Whether it is the production of pharmaceuticals and personal protective equipment, or the development of microelectronics, specialty…
Why Reshoring U.S. Manufacturing Could Be The Wave Of The Future
Independent SEC-registered investment advisor at Stonnington Group , a wealth management and investment planning firm based in Pasadena, CA. Covid-19 has undoubtedly had the most acute impact on global manufacturing and supply chains in modern…
COVID economics
Authoritative summaries of “The Economic Impact of COVID-19” won’t be publishable for years to come. Perhaps you’ll settle for a few observations. Globalization in decline? Can we gain from reshoring? Rochester long held a strong…
Governor Cuomo Announces $2.3 Million in Cares Act Funding Awarded to Help Small and Mid-sized Manufacturers Recover from COVID-19 Pandemic
Initiative to Support Manufacturers Recovering from COVID-19 Pandemic to Position Themselves for Future Competitiveness Governor Andrew M. Cuomo today announced $2.3 million in federal CARES Act funding for four organizations to provide critical services to…
Made in the USA: It’s not necessarily an all-or-nothing proposition
One positive outcome from the current COVID-19 pandemic is the increased willingness of government entities to support business activities that help sustain private sector supply chain efforts. It’s time for supply chain managers to step…
What Will it Really Take to Move Supply Chains Out of China? It Starts with Mapping
Most in the industry have never experienced anything like the Coronavirus disease (COVID-19) pandemic. This global disruption has affected supply chains across every industry, and in the same breath, destroyed and heightened demand for an…
Why Reshoring Resonates With Millennial Values
For a long time, we’ve thought bigger was better. We mass produced items, built bigger warehouses to store them in, and created big-box stores. But today’s consumer wants a more one-of-a-kind experience that adheres to…
The COVID Reshoring Surge – Part 4: Balancing Cost and Control
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating…
The COVID Reshoring Surge – Part 3: Exploring All Options
Reuters and other outlets have been reporting on plans of Taiwan-based Foxconn and Pegatron, among others, to explore manufacturing facilities in North America, as concerns about the ongoing US/China trade war and the Coronavirus pandemic…
The COVID Reshoring Surge – Part 2: Risk vs. Reward
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating…
3 Underreported Trends That Will Accelerate Reshoring
At Thomas, we’ve been tracking supply chain shifts since the Covid-19 pandemic began and our data shows that the increased interest in reshoring is actually accelerating. The statistics are significant, too: In February, 54% wanted…
Rebuilding America’s Supply Chains Can’t Wait
Tesla’s announcement of a new, 2,100-acre gigafactory in Texas has rightly generated a great deal of excitement. In this time of economic crisis, news of 5,000 new jobs assembling the world’s most celebrated electric vehicle is an…
Reshoring Is Creating Opportunities For North American Manufacturers
Why are reshoring efforts accelerating? With the ongoing COVID-19 pandemic and heightened global trade tensions, companies in North America are working to reshore and find more localized supplier partners to create resilient supply chains. For…
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…
Number of Foreign Companies Within Defense Supply Chain Grew Over Past Decade, Report Says
Reshoring the defense supply chain may reduce national security risks, but a new report detailing a heavy dependency on goods and services from foreign countries like China shows reshoring may be easier said than done. Researchers at…
(Re)shoring up technology and talent
Australian businesses are demonstrating a growing interest in mitigating COVID-induced operational risks by reshoring and redistributing infrastructure and employees. The global economy has developed a dependence on complex international supply chains, borne out of the…
These Mask Makers Show How US Manufacturers Can Compete Against Chinese Factories
Since the early days of Covid-19, we’ve heard lots of inspiring stories about businesses, especially manufacturers, stepping up to provide critical supplies. What we’ve heard less about is how (or if) those manufacturers will hold…
COVID-19 Medical Device Shortages and What the Industry Is Doing About It
Medtech has really stepped up this year to respond to medical device shortages brought on by the COVID-19 pandemic. Despite these impressive efforts, there remains a growing list of medical device shortages. FDA maintains a publicly-available,…
A U.S. Foreign Policy for the Middle Class
The United States must secure the benefits of a globalized economy while protecting itself from systemic shocks and supporting the economic renewal of middle-class communities. Over the past two decades, the American middle class has…
The COVID Reshoring Surge – Part 1: The Staying Power of Disruption
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating…