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Ready for More Quality US Jobs? See how Reshoring Is Helping
The Reshoring Institute offers case studies that show jobs coming back to the US.
November 1, 2021
According to the Reshoring Initiative, the pandemic spurred a national push to strengthen the domestic supply chain, especially for essential products. This has been driving reshoring numbers higher. If this continues in 2021, reshoring and foreign direct investment job announcements for 2021 are projected to be over 220,000 – 38% above 2020, which already scored the highest yearly rate recorded to date.
Reshoring has been key to the US manufacturing and economic recovery in 2021, according to the Reshoring Initiative. The organization has been offering the Biden administration guidance in developing essential policies, encouraging the development of a stronger skilled workforce, competitive corporate tax and regulatory structures, and a lower US dollar.
There are many reasons for reshoring:
The need to keep production close to markets
Rising labor costs in Asia
Rising costs of shipping
Need for a greater skilled workforce
Pledges from large retailers (such as Walmart) to buy American produced goods
We have taken case studies from the Reshoring Institute to show the wide range of US companies that are bringing jobs back to the US.
About the Author(s)
Rob Spiegel has served as senior editor at Electronic News and Ecommerce Business, covering the electronics industry and Internet technology. He has served as a contributing editor at Automation World and Supply Chain Management Review. Rob has contributed to Design News for 10 years.
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