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 Kamala […]
Reshoring News
This comment is delivered by GlobalData Economists Ollie Brown and Nicolas Orestis Psaroudis The combination of COVID-19, US-China trade warfare, high (but depreciating) global inflation, and exacerbating conflict in Eastern Europe and the Middle East, has instigated dramatic revisions in global supply chains in favour of reshoring and nearshoring. Arguments about whether a definitive deglobalization […]
While manufacturing in China has historically had its share of economic advantages, the narrowing cost gap driven by increasing production costs and geopolitical risks is prompting companies to reassess their options. Moreover, Asia’s susceptibility to weather and climate risks adds another layer of complexity to supply chain decision-making. Supplier Insolvencies: Compounding these challenges are the […]
The 2000s was the golden era of globalization. The idea of interconnectedness across borders held the promise of lowering consumer prices and increasing economic growth by allowing each country to specialize in what it was best at. But the economic part of that equation has taken a few hits lately as free trade has faced […]
HOUGHTON, Mich. (WZMQ) – A Houghton-based technology company is getting millions of dollars to expand its business east. Revex Technologies will receive $145 million from the Department of Energy and up to $50 million from the Make it in Michigan Competitiveness Fund to build three facilities in Marquette to support manufacturing and production of batteries […]
Rosemary Coates ·September 17, 2024 · Since the pandemic, many U.S. companies have moved manufacturing out of China and into Mexico. According to the U.S. Department of Commerce, U.S. companies expanding manufacturing and facilities in Mexico have invested over $25 billion. With a new Mexican president taking office in October, will investments in Mexico continue […]
Natural gas must be top of mind for policymakers when discussing reshoring manufacturing, according to a new report from the Center for Strategic and International Studies (CSIS). Exponential growth in semiconductors and electric vehicles (EVs) demand has led to a renewed effort to invest in U.S. based manufacturing. In their report, CSIS, with the support […]
What’s Behind the U.S. Manufacturing Renaissance, and What Does it Mean for the Future? September 15, 2024 JLL In recent years, global economic dynamics, changing geopolitical landscapes and disruptions such as the COVID-19 pandemic have led to a significant shift in manufacturing strategies. Companies that once solely focused on outsourcing production to low-cost regions abroad […]
By Suzanne McGee (Reuters) – Investors are piling into exchange traded funds focused on companies that are reviving or expanding production in the U.S. and taking advantage of government subsidies. Some $2.25 billion has flowed into a small group of ETFs highlighting the so-called reshoring theme this year, bringing their total assets to a record […]
What’s going on here? Investors poured $2.25 billion into US reshoring ETFs this year, boosting total assets to a staggering $9.67 billion by August 2024. What does this mean? ETFs focused on US manufacturing and reshoring are seeing unprecedented growth, drawing billions in investment despite economic uncertainties. The Tema American Reshoring ETF, a standout, grew […]
