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US manufacturing sector reaping benefits of reshoring

Posted on AllSides August 14th, 2023
From The Right
iStock / iStock

The U.S. manufacturing sector is in the midst of revitalization as global supply chains reshuffle in response to changing economic conditions and geopolitical shocks, reversing a decades-long trend of American industrial capacity moving overseas.

Manufacturing firms began to offshore their operations from the U.S. to countries with lower labor costs several decades ago. But the COVID-19 pandemic, the war in Ukraine and concerns over China potentially looking to compel Taiwan’s unification with the mainland by force have driven efforts to reshore manufacturing – in addition to government incentives and rising...

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https://www.foxbusiness.com/economy/us-manufacturing-sector-reaping-benefits-reshoring

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