Three years ago, the way supply chains operated around the globe changed dramatically as the Covid-19 pandemic shut down factories, halted production and created shipping and logistical logjams that would persist for nearly two years. In the time since, many of those pandemic-related issues have resolved, but geopolitical events such as the Russian invasion of […]
Reshoring News
12 July 2023 By Martina Di Sano, Vanessa Gunnella, Laura Lebastard After decades of being both hero and villain, globalisation is said to be on the retreat. There is a common perception that companies are diversifying supply chains and relocating business closer to home. So, are we heading towards deglobalisation? We dig deeper and find […]
Image Credit: wellphoto / Shutterstock.com A recent survey conducted by Xometry, in partnership with Forbes and John Zogby Strategies, found that 48% of CEOs have already reshored some or all their facilities, which is a substantial increase from last quarter’s 35%. While various industries can benefit from reshoring, it can be challenging to know where to start. In […]
July 1 marked the third anniversary of the entry into force of the United States-Mexico-Canada Agreement (USMCA). It is an appropriate time to count our chips and assess, through additional data and experience with USMCA dispute settlement mechanisms, whether to let our “winning bet” ride. The trade data over the past two years shows steady growth, even […]
Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. Reshoring describes the process of bringing production and manufacturing “back home” or returning it to […]
By Yi Whan-woo The government’s efforts to induce Korean businesses to bring back their earnings and operations outside the country appear to be paying off, following measures that are aimed at lessening the businesses’ tax burden while encouraging more investment. Industry sources said Wednesday the Korean manufacturers that run plants abroad are paying attention to […]
By Alex Whiteman 05/07/2023 Airfreight could benefit from the infrastructure and resource concerns generated as the trend for companies re-shoring from China gathers pace. After Covid supply chain disruption and amid simmering China-US tension, there is a marked effort from western firms to set up production facilities outside the people’s republic, with Vietnam the top […]
A CLOTHING and apparel industry player is pushing for the immediate implementation of strategies under the new export blueprint to bring down the cost of doing business in the country and boost competitiveness, as plans of reshoring or onshoring of manufacturing pose a risk of extinction of the local industry. Robert Young, a trustee for […]
A group of manufacturers committed to promoting UK industry is urging the government to throw its weight behind a growing reshoring trend that has the potential to deliver millions of pounds in new opportunities. Bosses at the Manufacturing Assembly Network (MAN), a collective of seven subcontract manufacturers and an engineering design agency, believe the country […]
The same White House reporter whose question was caught on a cue card for President Joe Biden just announced her election to the print seat on the White House Correspondents Association (WHCA) Board. Courtney Subramanian of the Los Angeles Times will hold this board position for the next three years, meaning she will be the […]
