according to the Reshoring Initiative. More jobs are coming in than going out. Many of the reshored jobs are coming back from China, where wages and compliance complexities are increasing rapidly, making that Asian giant less competitive on labour costs …
Reshoring News
Methanex has successfully reshored two idle methanol plants from Chile. This does not mean the demise of Chilean natural gas producers, such as GeoPark, because Methanex looks to revive its Chilean operations. Returning petrochemical plants to the shores …
In another case of reshoring, Taiwanese electronics maker Foxconn Technology Group is building a plant in Wisconsin to make liquid-crystal display screens. Glenn Frohring, president of Absolute Haitian Machinery Corp. in Worcester, Mass., sees a balance in …
Mid-Market Manufacturer Finds New Opportunities to Reshore Parts Chief Executive Group
At a time when many manufacturers are re-evaluating their supply chains, some are moving production lines and sourcing back to the United States.
Reshoring Numbers Show Gains, More Ground to Cover ThomasNet News
The Reshoring Initiative, in the hopes of bringing manufacturing jobs back to the U.S., helps companies realize that offshoring is not always the most …
For the past several years, the Reshoring Initiative has been helping manufacturers reshore production or keep existing work here through total cost of ownership (TCO) analysis. However, calculating TCO is only part of the overall competitiveness equation.
“What’s driving the new ‘reshoring’ trend? Advanced manufacturing technology that make it more cost-effective or more convenient to operate stateside than in far-flung places overseas. “Automation is boosting U.S. productivity allowing firms to do more …
“The reshoring of cash could put increased pressure on dollar funding markets overseas, widening the cross-currency basis,” said Gennadiy Goldberg, U.S. strategist at TD Securities. “Some of the recent move may be due to year-end pressures, but we …
“This has allowed us to reshore a lot of work,” he said. Another big area for growth will be distribution. A few of Millenia’s customers, for instance, are providing racks to fill Amazon’s ever growing distribution infrastructure. “Amazon is …
Ford also says the recent trend toward reshoring of factories in not creating a bonanza of jobs because reshoring decisions are being driven by the increasing ability of manufacturers to automate the production they’re bringing back to the U.S. Some of …
