Reshoring

The U.S. ban on imports from China's Xinjiang region is delaying deliveries of high-end cars like Porsche, Audi, and Bentley to the U.S. market.

U.S. manufacturing growth is continuing, but it is smaller cities across the country that are reaping the big benefits.

How geopolitics is changing where and how you make and source materials. Listen in as Rosemary Coates and Tom Cook explain the changing landscape around manufacturing and sourcing. Executive editor Bob Trebilcock hosts.

How geopolitics is changing where and how you make and source materials. Listen in as Rosemary Coates and Tom Cook explain the changing landscape around manufacturing and sourcing. Executive editor Bob Trebilcock hosts.

Reshoring Institute Executive Director Rosemary Coates got a first-hand look at Foxconn’s Tijuana manufacturing site and saw what is possible when companies invest in nearshoring. More than 5,500 employees work in the facility, producing consumer electronics, circuit boards, and medical products.

Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.

From weather patterns and cultures, to trade and regulations, each country is a different operating environment.

While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns.

How big is the nearshoring trend? An Accenture report says the number of global companies nearshoring product manufacturing will double in the next 3 years.

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

GE Appliances has opened its CoCREATE space in Connecticut. The 67,000-square-foot is part factory, part showroom, part makerspace, and all community-focused.

Thanks to a trio of bills passed in the past few years, investment in U.S. manufacturing is at all-time highs, and that means the economy could be poised to take off again.

AlixPartners’ report highlights importance of taking a total costs and risks of ownership approach to supply chains.

Research from consultancy Kearney has found that 96% of CEOs are evaluating reshoring their operations, have already done so, or are considering it. That is up from 78% in 2022. That same report also found that American imports of Mexico-manufactured goods have increased from $320 billion pre-pandemic to $402 billion today.

Listen in as Rosemary Coates and Ruyi Gaffney, COO at CONNEX, connecting manufacturers to buyers. Rosemary Coates, Executive Director of the Reshoring Institute, hosts this episode of The Frictionless Supply Chain.