Design News reported that 171,000 manufacturing jobs were reshored last year. They reported, "Moser noted that one of the reasons jobs are returning is that the cost differential between home-produced goods and landed goods from overseas has shrunk markedly." There is also a huge branding benefit for manufacturing in the United States. Government initiatives, proximity to customers, and a shorter time to market are other reasons for manufacturing moving back.
Manufacturing jobs are coming back from Asia at an apparently quick clip. The Reshoring Initiativehas released its 2017 Reshoring Report, which contains data on U.S. reshoring and foreign direct investment (FDI) by companies that have shifted production or sourcing from offshore to the US. The report includes cumulative data from 2010 through 2017, as well as projections for 2018. According to founder Harry Moser, the numbers demonstrate that reshoring and FDI are major contributing factors to the country’s rebounding manufacturing sector. Read More
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