A tougher trade policy, a tax code that incentivizes reshoring jobs and production, investments in infrastructure, research, and training are all urgently needed. America has manufacturing know-how, abundant energy resources, a culture of entrepreneurship …

Companies address complexity already by reducing human input (increasing automation), consolidating suppliers, reshoring and, increasingly, simpler product designs. Make sure you keep an eye on opportunities to reduce supply chain complexity! 2.

“These diverging lines—which reflect the sector’s improved productivity—highlight a huge problem with Trump’s promises to help workers by reshoring millions of manufacturing jobs [by renegotiating trade deals],” Muro argues. “America is …

For example, reshoring a portion of manufacturing needs and using 3D printers to manufacture technically complex products can improve time-to-market responsiveness and reduce global transportation costs— which will have a positive impact on business …