Will three big recent funding measures entice manufacturers to shift production from China back to the U.S.?
The trend has been evident for a few years now: manufacturers reducing production in China, in favor of lower-cost countries and, possibly, the U.S. Three big investment initiatives — the Inflation Reduction Act, CHIPS and Science Act and infrastructure funding bill — could be instrumental in triggering a rush of reshoring. Are we witnessing an investment “supercycle” in U.S. manufacturing? Or will Southeast Asia and Latin American be the beneficiaries of this growing disaffection for China, caused by rising factory wages, punitive duties on Chinese imports to the U.S., and concerns about the risk of extended supply lines? On this episode, we get an update on the reshoring trend from Rosemary Coates, executive director of the Reshoring Institute. Is the shift for real? There are some nuances to consider, she says. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
Show notes:An article from Chief Investment Officer about the “U.S. manufacturing supercycle.”
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