Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead TM including webcasts, publications, data and analysis, plus discounts to conferences and events.
14 November 2023 / Report
Video
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.
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.
Members of The Conference Board get exclusive access to Trusted Insights for What’s AheadTM through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.
You already have an account with The Conference Board.
Please try to login in with your email or click here if you have forgotten your password.
Leadership in Challenging Times: Marc Casper, CEO, Thermo Fisher Scientific
September 06, 2022