Items Tagged with 'reshoring'

Earlier this month, Harry Moser testified before the House Small Business Committee at its Hearing on Domestic Manufacturing, emphasizing the need to strengthen U.S. competitiveness to accelerate reshoring.

On June 26, GE Appliances, a Haier Company, announced a $490 million investment to reshore production of washers and washer/dryers from China, creating 800 new full-time jobs in 2027.

U.S. manufacturers are increasingly reshoring production in response to tariffs impacting global supply chains, viewing it as a long-term strategy to enhance quality and adapt to complexities.

The Reshoring Initiative 2024 Annual Report shows that 244,000 U.S. manufacturing jobs were announced in 2024 via reshoring and foreign direct investment (FDI), continuing the nation’s push to rebuild domestic production capacity.

A new industry report reveals what government, original equipment manufacturers (OEMs) and contract manufacturers (CMs) must do to further accelerate and benefit from reshoring.

Offshoring has led to U.S. job losses, factory closures, and weakened competitiveness, highlighting the need to revitalize manufacturing.

I looked into national voices for manufacturing and visited the NAM (National Association of Manufacturers), which has about 14,000 member companies employing around 13 million people. NAM advocates for manufacturers at the government level and has been focused on bringing manufacturing back to the U.S. since 2020.

1H2023 reshoring + foreign direct investment (FDI) job announcements continued their record-breaking run.

Geopolitical risk and industrial policy drive reshoring and FDI announcements.

Reshoring + FDI manufacturing job announcements are continuing to outpace recent records, adding 101,500 jobs in 2023 Q1.