Columns: Reshoring update

Manufacturing output per hour in the U.S. has grown at an average of just 0.2% a year since 2009, according to the U.S. Labor Department—below the non-manufacturing U.S.

Reshoring and foreign direct investment (FDI) manufacturing job announcements are continuing to outpace recent record highs, reaching 101,500 jobs in the first quarter of 2023.

Years of continued supply chain disruption and surging ocean freight rates have accelerated reshoring decisions. New automation technologies that overcome labor shortages and offset higher U.S.

Global disruption and geopolitical risk created by black swan events like the pandemic and the Russian invasion of Ukraine resulted in unstable global supply chains and shortages of essential goods