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 years has been “a slow…
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 throughout America. Reshoring often involves…
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 throughout America. Reshoring often involves…
![Why Your Corporate Values Are More Important Than Ever [Confessions Of An Industry Millennial]](https://reshoringinstitute.org/wp-content/uploads/2020/11/750px.png)
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 preparing for jobs that don't…
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 the two candidates, Donald Trump…
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: panels that would automatically deploy…
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 production index grew 2 points…
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 a year October manufacturing output…
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 word of 2020 is likely…
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 to the decimation of jobs…
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 before we start today’s Index…
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 country and asked if…
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 international trade teams to evaluate…
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, those factors have prompted U.S.…
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 industry as the pandemic continues…
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 lockdown, it became obvious diversifying…
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 cost, China is no longer…
It may not be a ‘flood’ at the moment, but reshoring activity was already a ‘trickle’ prior to 2020 and the global disruption caused as a result of the COVID-19 pandemic has only served to heighten interest in the concept.…
Offshoring has been a staple of the manufacturing industry for decades, but trends have been changing. Over the past few years, reshoring — bringing jobs and processes back to America — has grown steadily. This effort impacts manufacturing as well…
As U.S. businesses enabled by an array of digital capabilities look to overseas markets for new customers post-pandemic, a curious reversal of sorts is happening in the unlikeliest of places: industrial manufacturing. Many manufacturing firms that offshored years ago are…