Third Coast Reshoring
For several years, the Gulf or “Third Coast” has been primed for economic success, moving beyond recovery from events like Hurricanes Katrina and Rita and the Deepwater Horizon oil spill to a broader resurgence.
What is “Reshoring?”
Reshoring is the return of manufacturing operations to the United States (or the location of new facilities that otherwise would have been located overseas) and is a tangible component of this resurgence of the Third Coast.
As early as 2011, Forbes contributor Joel Kotkin cited energy, politics, demographics, emerging trade patterns and new technologies as reasons for increased growth on the Gulf Coast.
Today, new development is flowing into the region, and that flow is poised to gain even greater momentum.
Understanding the Gulf Coast reshoring phenomenon and its implications is essential for any company considering expansion or recapitalization of its production capabilities - particularly those corporations that value a North American customer base.
The following is an introduction to:
- Drivers of reshoring
- What Third Coast reshoring looks like
- Sector highlights
- Business and legal considerations
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