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 their values, needs, and aesthetic.…
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 infrastructure, upgrading IT platforms, and…
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 continue to stress global manufacturing…
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 infrastructure, upgrading IT platforms, and…
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 to bring production back to…
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 manufacturers, service companies, and distributors…
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 times of that in China.…
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 Govini, a decision science company…
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 desire to minimise costs of…
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 their own now that overseas…
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, up-to-date list of the medical…
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 faced a surge of import…
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 infrastructure, upgrading IT platforms, and…
In the hit Netflix series, Stranger Things, the main characters find themselves questioning what is happening in their reality. This show takes place in fictional Hawkins, Indiana. It seems to be the most ordinary of places until a young boy…
A friend of ours had some car trouble and purchased a part online, using overseas production, for a quarter of the price. Thinking he had scored a deal, he had his mechanic install it only to have it fail a…
The International Trade Commission (ITC) declared on Friday, that solar panels imported from China are hurting U.S. Manufacturers – not really a surprise to anyone. But this decision on overseas production may have overall devastating effects on the U.S. solar…
Before a manufacturer labels a product “Made in USA” or “Assembled in USA,” it is important to be sure the product meets federal and state regulations for labeling. Unfortunately, the regulations can be vague, complicated and subject to interpretation. The…
While doing a customer project for the Reshoring Institute, I researched the US Contract Manufacturing market, specifically in the industries of bicycles, motorcycles, metal product producers, plastic injection molding producers and dollies and carts manufacturers. I found that many of…
Economic patriotism In this world we live in, it is incredibly easy to find yourself, as a consumer, completely lost in a sea of labels. From our food to our clothes to our vehicles, labels are everywhere. How many of us…
Reshoring Economic Development State Profiles Reshoring Institute announces 10 State Economic Profiles: Arkansas, Colorado, Kansas, Minn, Missouri, New Mexico, N.Carolina, S. Carolina, Virginia, Wisconsin. SILICON VALLEY AND SAN DIEGO, CA, USA, February 27, 2017 / EINPresswire.com / -- The Reshoring Institute https://reshoringinstitute.org…