According to the Reshoring Initiative, in 2003 about 140,000 jobs were lost to offshoring. In 2014, for the first time in two decades, the U.S. realized a net gain of 10,000 reshored jobs.
The vast majority of those jobs have returned from Asia, primarily China, though a significant number have returned from Mexico and other countries, writes Rich Regole, CEO of Accurate Forming,
States that are the biggest winners thus far in terms of job increases are:
- South Carolina – 7,780
- Michigan – 6,721
- California – 6,014
- Kentucky – 4,612
- Texas – 3,712
Part of the reshoring picture, pointed out by Cutting Tool Engineering, is that increasing foreign labor costs and better automation in the U.S. , is bringing back jobs. In fact manufacturing has brought back more jobs than any other industry in the past five years.
The following infographic explores more a variety of aspects of reshoring.