Global MFG - Jun 10, 2021
Reshoring Surges to Record HighEric Sorensen, Jeff Reinke | Industrial Equipment News
Reshoring Surges to Record High
The number of U.S. manufacturing jobs created by reshoring activities and foreign direct investment increased in 2020 – hitting a total of 160,649 – according to the Reshoring Initiative’s 2020 Data Report.
Of this total, 109,000 jobs were directly related to bringing offshoring production to the U.S. It’s the first time reshoring outpaced FDI in seven years. 2020’s activity brings the total number of reshoring and FDI job announcements to over 1 million since 2010.