According to a new report, regional sourcing and production are important to becoming less vulnerable to disruption, leading to more than half of UK companies looking to ‘re-shore’ their supply chain by 2026. The trend comes in response to disruptions leading to more than $1 trillion in missed opportunities for the global economy in the […]
Reshoring News
Opening of Blaine, MN facility follows White House designation of Minnesota as MedTech Hub, ribbon cutting on November 20 GRAND RAPIDS, Mich., Nov. 8, 2023 /PRNewswire/ — To help customers revitalize global supply chains through reshoring, Ascential Technologies today announced an expansion of its capabilities and domestic manufacturing footprint with the opening of a state-of-the-art, […]
Over the past three centuries, the global capitalist system has oscillated between periods of internationalism and free trade and periods of nationalism and protectionism. In recent years, it has been evident that a new transition is underway, with tariffs and trade wars as well as the pandemic and armed conflict prompting a reconfiguration of supply […]
Among Fortune 500 manufacturers, 30% will dilute plans to bring manufacturing home. COVID-19, post-pandemic supply chain disruptions, container ships stuck in canals, and fractious geopolitics have combined in ways that make governments understandably nervous. And now they’re rushing to respond by identifying strategic industries (batteries, pharmaceuticals, etc.), offering cash and tax breaks, and generally cajoling […]
In light of recent global events — including geopolitical tensions, the Covid-19 pandemic and disruptions in global trade — businesses face a multitude of challenges that require innovative solutions to achieve sustainable growth and resilience. This transformation has principally reshaped the landscape of international commerce, which has prompted businesses to remodel operations, customer engagement and […]
by Omer Abdullah Co-founder, The Smart Cube TheSmartCube@finnpartners.com312-880-1300 Nearshoring and reshoring have gained significant attention as effective ways for businesses to rethink operations while mitigating risk and increasing speed to markets to optimize operations. What are the benefits and challenges? Nearshoring strategies can help de-risk supply chains and bring predictability and stability back to operations. […]
GlobalAutoIndustry.com’s latest Audio Interview “A U.S. Manufacturing Supercycle Is Coming: Time to Reshore Now” features Rosemary Coates. Ms. Coates is the Founder and Executive Director of the Reshoring Institute, a non-profit and non-partisan organization focused on expanding U.S. manufacturing. She is also the President of Blue Silk Consulting, a global supply-chain management consulting firm. She […]
Companies are building manufacturing facilities in the U.S. at a pace not seen in decades. A confluence of factors is driving this trend: Amid supply chain bottlenecks, rising labor and transportation costs, U.S. tariffs on China, and geopolitical tensions, companies recognize the value of reshoring production. U.S. industrial policies favoring domestic manufacturing are also informing […]
The hottest geopolitical and economic topic these days is how businesses can reduce their dependence on China as the world’s factory. Companies have considered alternatives for manufacturing outside of China for over a decade, as costs have risen and regulatory changes have made it less competitive. The shift accelerated dramatically since the imposition of U.S. […]
The American Dream is a simple idea… We can improve our standard of living through hard work and ingenuity. For decades, people across the globe were drawn to that dream. America was the land of opportunity… a place of abundance. A nation where dreams of a better life came true. But starting in the 1980s, […]
