Research from consultancy Kearney has found that 96% of CEOs are evaluating reshoring their operations, have already done so, or are considering it. That is up from 78% in 2022. That same report also found that American imports of Mexico-manufactured goods have increased from $320 billion pre-pandemic to $402 billion today. But it’s not just […]
Reshoring News
Nobody knows how much the People’s Liberation Army is spending on preparations for high tech warfare. For the first time the US, which spends $100 billion on research and development for national security purpose, can feel China breathing down its neck in terms of military technology. Today’s battlefield is no longer the same as the Pacific […]
In delivering its results for the first quarter, Genuine Parts Company (GPC) – the giant auto parts distributor – and its industrial segment, Motion, delivered strong sales and indicated it expects total sales growth of 4% to 6% this year. These types of numbers indicate a good year not only for GPC and Motion, but […]
Last year, production at American factories increased — and so did the production of factories themselves. According to data from the Census Bureau released last week, construction spending by US manufacturers more than doubled over the past year. For April 2023, the annual rate reached nearly $190 billion compared with $90 billion in June 2022, with […]
Insert Logo text Search our site How to manage reshoring risks – a US case study Former pharma risk manager and current P.E. integrated risk leader at Sigma7, Andrew Tait, looks at how reshoring changes the exposures faced by manufacturing companies in the US, and what global lessons can be learnt The pandemic was a […]
Canada scored a major victory earlier this year when German automaker Volkswagen announced that it was building a $14 billion battery plant for electric vehicles in St. Thomas, Ontario. Slated to open in 2027, the Volkswagen EV battery factory will be the first of its kind in Canada. “With this historic project, we’re not just […]
Reshoring is an extremely important aspect of reducing the carbon footprint of sneaker brands. It’s also one of the most overlooked and under-discussed aspects. This is because the production of footwear in the U.S. is almost taboo. Brands have conditioned the consumer to offshore production and cheap retail prices. The majority of footwear is purchased […]
In the U.K., 40% of manufacturers surveyed by industry group Make UK said they had sourced more goods domestically over the past year, and around the same proportion plan to over the next year. Make UK surveyed 137 companies in January and February. While producing goods close to their point of sale can reduce costs, […]
Reshoring + FDI manufacturing job announcements are continuing to outpace recent records, adding 101,500 jobs in 2023 Q1. Top takeaways: • 2023 Q1 reshoring + FDI jobs announced are up 11% from 2022. • If the current rate continues, reshoring and FDI will total over 400,000 jobs in 2023. • Electrical Equipment remains the top […]
An impressive 159 large foreign direct investment (FDI) projects worth at least $1bn were announced globally in 2022, fDi Markets’s cross-border investment data shows. This is a record-breaking number of mega projects, as they are known. While they represent less than 1% of the 16,000 FDI projects announced worldwide in 2022, they make up for half […]
