STRL - Corporate America Bringing Manufacturing Jobs Back Home? Mentions Of 'Reshoring' And 'Onshoring' Spike On Earnings Calls | Benzinga
Mentions of “re-shoring,” “near-shoring,” and “on-shoring,” referring to relocating manufacturing back to the home countries, have seen an impressive 216% increase year-over-year since the start of 2022, as per data from Bloomberg.
This trend has triggered an influx of $516 billion in private company investments since the inauguration of President Joe Biden.
What Happened: The re-shoring wave, on the rise since the Trump era, has been further fueled by trade wars and the challenges of the COVID-19 pandemic, which exposed the vulnerabilities of global supply chains.
Issues such as port backlogs, blockages in the Suez and Panama canals, and rising automation and freight costs have made re-shoring a more economical option.