The strongest increase in reshoring-related sales—both domestic and exports—in 2023 was witnessed in Vietnam, while manufacturers in Mexico and Vietnam were the most bullish about their ability to capitalise on reshoring opportunities over the coming 12 months, according to a ‘Reshoring Special Report’ by S&P Global Market Intelligence. Thirty-seven per cent of Vietnamese manufacturers signalled […]
Reshoring News
While long-simmering trade tensions between the U.S. and China have left some investors on pins and needles, there are plenty of opportunities for investors to capitalize. Most recently, Societe Generale’s head U.S. equity strategist Manish Kabra identified a few key stocks poised to benefit from the “reshoring” trend, where companies bring their overseas operations back […]
CLAIM: Former President Donald Trump’s running mate, Sen. JD Vance (R-OH), says reshoring American manufacturing would be a boon for the environment because the United States leads the world in clean energy. VERDICT: True. Research has routinely shown that reshoring American manufacturing does, in fact, cut carbon emissions. “One of the things that our Democrat […]
While long-simmering trade tensions between the U.S. and China have left some investors on pins and needles, there are plenty of opportunities for investors to capitalize. Most recently, Societe Generale’s head U.S. equity strategist Manish Kabra identified a few key stocks poised to benefit from the “reshoring” trend, where companies bring their overseas operations back […]
This month, the Joe Biden administration awarded $14 million to the API Innovation Center, a Saint Louis–based nonprofit that aims to remedy supply chain problems for active pharmaceutical ingredients (APIs). The organization will use the funds to produce APIs used in medications for asthma, anxiety, and diabetes—molecules that have been imported from China and India […]
Winning the National Metalworking Reshoring Award is a tremendous honor and validation of our team’s dedication to our reshoring and Nearshoring strategies. This award reflects our commitment to customer satisfaction and building a strong, resilient supply chain.Post this “Sumitomo Drive Technologies won the 2024 award because they brought work from offshore to both the United […]
Download full report Companies in the Malaysia, Mexico, Turkey and Vietnammanufacturing PMI® panels were invited to take part in a specialreshoring survey in May 2024. Firms offered their insightssurrounding the impact of reshoring on order books, theirexpectations for the year ahead and anticipated challenges. Thedata were also analysed by detailed sector, region and companyworkforce size. […]
Onshoring drug manufacture to within EU territories is not the aim of efforts to address drug shortages in the EU, a European Commission official said during Health Forum Gastein event. Onshoring or ‘reshoring’ pharmaceutical production gained prominence after the COVID-19 pandemic, which exposed the EU’s heavy reliance on non-EU countries for active ingredients and essential […]
Biden is getting ready to sign a bill that would loosen environmental restrictions on federally funded microchip projects. It builds on the landmark 2022 CHIPS Act which provided $280b to build, expand and modernise the semiconductor industry. It was especially aimed at increasing domestic manufacturing of microchips, which would create jobs and contribute to […]
Former President Donald Trump ‘s latest tariff threats have put the spotlight back on the reshoring trend , or the return of companies’ overseas operations to the United States . On Tuesday, Trump vowed to slap 100% tariffs on “every single car coming across the Mexican border” if he wins the election against Vice President […]
