Reshoring is Trending
Reshoring allows companies to take advantage of tax incentives, employ skilled workers and innovate while protecting their intellectual property. For some, the ability to operate facilities using inexpensive natural gas now makes U.S. locations far more cost-effective than ones abroad where electricity and coal are considerably more expensive. Eliminating import duties and reducing transportation costs can also improve profitability, enabling manufacturers to lower product prices and finance new R&D. In short, manufacturers are looking at the total cost of off-versus-re-shoring and seeing