The Reshoring Initiative issued a new report saying, “Rising Risks from Offshoring Drive Reshoring to a New Record High.”

According to the report, 2021 was a stellar year for U.S. reshoring and FDI, with 260,000 jobs announced by more than 1800 companies. Manufacturers looked to fill supply chain gaps of essential products, especially semiconductors, EV batteries, pharmaceuticals, PPE and renewable energy, which propelled the most-recent surge.

The article goes on to quote our very own President Mitch Cahn, citing Unionwear’s YouTube video about the costs of offshoring and benefits of reshoring manufacturing. Quoting the article:

If he [Cahn] can reshore labor-intensive apparel, readers should be able to reshore their products – and Unionwear is a great place to buy Made-in-America caps and bags for employees, customers and giveaways at conferences and trade shows.

The article has a lot more great information. Have a look.

And, here is our video on reshoring.