Manufacturing Reshoring Is Breathing New Life Into U.S. Industrial Markets

A manufacturing comeback is underway in the U.S. Once heavily outsourced to countries with lower labor costs; manufacturing is returning (or “reshoring”) to America as companies seek to minimize risk, ensure quality, and meet rising consumer and regulatory expectations for sustainability. 

Several factors are converging to encourage U.S. companies to reevaluate their production locations. Perhaps the biggest factor is how the pandemic exposed the vulnerabilities in complex global supply chains, resulting in product delays, shortages, and rising transportation costs.

“This is more a story of risk management,” said Richard Thompson, international supply chain director at JLL. “The pandemic exposed how fragile our global supply chain was when reliant on one region. A more regionalized model allows companies to be nimbler when problems arise.”...

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RSK: I hope the Midwest can benefit from this trend, but it seems things are swinging to the SouthEast.