Reshoring of industrial manufacturing and distribution has been underway in the US for nearly a decade. COVID-19 has exposed gaps in supply chains and brought the re-emergence of manufacturing in the U.S. into the limelight. Several factors have caused companies to reconsider the US for their manufacturing expansion or relocation. A significant one is energy. Low-cost shale gas has transformed energy competition to provide the U.S. an advantage – especially for heavy users of automation. What’s more, the United States government has used tariffs to improve the competitive posture of domestic producers.
For our insights into how the supply chain has been impacted by COVID-19 and how manufacturing costs can be lowered through strategic onshoring/reshoring efforts, click here to read our full article.