Reshoring News

Despite all the optimism around American attempts to forge free trade agreements with Asia and Europe, progress is in reality depressingly slow. The global, multilateral free-trade agenda has meanwhile been mired in apparently irreconcilable differences for more than a decade. It would nevertheless be wrong to regard these protectionist pressures as a prime cause of […]

A few years ago, reshoring roared onto the scene as the next great movement in manufacturing, timed with the sector’s well-publicized role with helping the US crawl out of the deep recession. The manufacturing renaissance was hot in the news and among politicians trumpeting jobs. But now it seems some stark realities have hit. […]

The Reshoring Initiative recently announced a program in partnership with Walmart to help companies manufacture more consumer products in the United States.   Walmart has committed to increase its U.S. purchases by $50 billion annually by January 2023.  Harry Moser, founder and president of the Reshoring Initiative observed, “We were honored to […]

Reading time ( words) American engineering companies are seeing a severe shortage of the homegrown engineers required to compete globally. Just go into any company today and you’ll notice that increasingly, the engineers are foreign-born. Our local universities are seeing fewer and fewer American engineering students each year. Universities are also seeing a growth in […]

NASHVILLE (SUBMITTED) — Tennessee Department of Economic and Community Development Commissioner Randy Boyd along with Innovate Manufacturing Inc. officials announced today the company will locate its first U.S. headquarters in Knoxville in an effort to be closer to its consumers. Innovate Manufacturing, […]

Randy Boyd, commissioner of economic and community development in Tennessee Randy Boyd, commissioner of economic and community development… Photo by Staff File Photo /Times Free Press. A China-based company will open its first U.S. headquarters in East Tennessee, investing $4.7 million and creating 50 jobs, officials said today. Innovate Manufacturing Inc., […]

A new survey of manufacturing and distribution company executives by global consulting firm AlixPartners finds that cutting freight costs is one of the main reasons they are contemplating “nearshoring” or “re-shoring” their enterprises closer to home. “Especially in the wake of China’s recent devaluation of the yuan, companies need to be more strategic than ever […]