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14 November 2023 / Report
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Construction spending on manufacturing facilities is up 40% y-o-y and 62% over the past 5 years. Here are 6 factors to consider before deciding to reshore.
Companies are building new manufacturing facilities in the US at a pace not seen in decades, recognizing the value of reshoring production after several years of supply chain bottlenecks, rising transportation and labor costs, US tariffs on China, and geopolitical tensions.
[1] Bridget McCrea, Supply Chain Design Meets the Reshoring Trend, Supply Chain Management Review, March 2, 2023.
[2] US Census Bureau, Monthly Construction Spending, September 2023, November 1, 2023.
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