A study by American Machinist shows that from 2010 through 2019, over 900,000 announced new manufacturing jobs are attributable to reshoring and foreign direct investment (FDI.) 

During the current year 2020, job creation due to reshoring activity is exceeding FDI, adding that the same trend will continue to influence manufacturing growth and U.S. economic recovery in 2021.

Due to the pandemic, reshoring is outpacing FDI for the first time since 2014. “COVID uncertainty is causing companies to emphasize operations in their home countries.”

Also continuing to reshoring activity is U.S. manufacturers’ determination to shorten or close supply-chain gaps for essential products – which is a notable factor in PPE, medical, technology, and defense manufacturing.

We suspect this trend will continue and hope domestic manufacturers look to capitalize on these opportunities.