A poll release from Xometry/Zogby reports that 55% of American CEOs whose companies depend on manufacturing to produce and deliver their goods have plans to reshore their operations, and 95% of them said they would do so this year.

The vast reshoring effort is also fueling a new modernization wave, with CEOs investing in robotics, automation, and digital workflow tools as they ramp domestic production.

The survey reveals executives believe supply chain concerns will persist well into the foreseeable future. 89% don’t expect supply chain disruptions to abate any time soon, and 64% agree that there is enough manufacturing capacity in America to address the world’s supply chain concerns.

“Major legislation like the CHIPS and Science Act, the Inflation Reduction Act and the Infrastructure law helped buoy reshoring in 2022, and we expect that trend to accelerate in 2023 as companies further build supply chain resilience,” said Randy Altschuler, CEO of Xometry. “CEOs recognize that tapping into America’s vast manufacturing infrastructure can help solve most of the world’s supply chain problems. As they bring production back to the States, CEOs are also modernizing shops across the country, deploying digital workflow technologies, investing in new processes, and embracing automation.”

Automation, robotics and digital workflow tools are among the modernization efforts

“The resilience of American manufacturing and enterprise in general is astounding,” said Jeremy Zogby, Managing Partner of Zogby Strategies. “CEOs are optimistic and embracing innovation, which are the most-important factors that will drive resilience and manufacturing in 2023.”

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