The US market is increasingly favouring goods manufactured closer to home, particularly in North America, while reducing its reliance on goods from Asian low-cost country regions (LCCRs), according to the 2024 Kearney Reshoring Index. This shift underscores a strategic pivot in US import patterns, influenced by ongoing industrial reshoring and nearshoring initiatives. US imports from […]
Reshoring News
Elon Musk, the CEO of electric vehicle giant Tesla, made an unannounced visit to Beijing on April 28, to reportedly discuss the rollout of Full Self-Driving software and seek permission to transfer data collected in China abroad. A swelling and vast consuming middle class, availability of local labour and favourable and consistent tax laws and […]
The supply chain problems created by the pandemic and worsened by Russia’s invasion of Ukraine and the ongoing conflict in Gaza have made clothing and textile companies look more closely at nearsourcing and reshoring production options as well as the benefits of AI. The recent Sewn Products Equipment and Suppliers of the Americas (SPESA) association’s […]
Forty-seven per cent of large European and US organisations have already invested in reshoring their manufacturing production and 72 per cent are currently developing a strategy for reindustrialisation or already have one in place, according to a new report by Paris-based Capgemini Research Institute. Most of these organisations have initiated these strategies within the past […]
UK firms are planning to invest hundreds of billions in an attempt to bubble-wrap supply chains and bring manufacturing closer to home, new research suggests. Investment in re-industrialisation among UK firms is expected to hit $423.5bn over the course next three years, according to research from professional services firm Capgemini, up from $351.4bn over the […]
PARIS: A study released on Thursday by a consulting firm Capgemini reveals a significant surge in investment by companies in Europe and the United States aimed at reshoring manufacturing operations following the disruptions caused by the Covid-19 pandemic and the Russian invasion of Ukraine. Over the next three years, companies across 13 industrial sectors in […]
Questions of supply chain security and resiliency have been growing in recent years. Sparked initially by the COVID-19 pandemic, the debate has been fuelled by the turbulent geopolitical landscape of recent times, which has created further disruption and uncertainty around access to raw materials and the global transportation of goods. It’s no surprise to see […]
It’s no secret that the U.S. is undertaking a massive effort to reassure manufacturing. Those efforts should return manufacturing and production to the USA. Reshoring has many benefits including the creation of manufacturing jobs, a reduction in unemployment and balancing trade deficits. It is therefore easy to understand why reshoring stocks have such strong appeal. U.S. […]
For want of a nail, the shoe was lost. An October 2023 Medius survey found that 69 percent of U.S. manufacturers have started to reshore and 93 percent plan to increase their pace of reshoring. To make that happen, we need a much larger and stronger skilled workforce. A skilled workforce is the nail for […]
Source: Blackstone Industries Blackstone Industries of Piedras Negras (Mexico) has announced the inauguration of its polishing and plating facility in Piedras Negras, situated on the Texas border. A subsidiary of American Reshore, LLC, this establishment is providing cross border solutions for the Near Shore movement, affirming American Reshore’s strategic role in reshaping the North American industrial […]
