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Area Development: Reshoring Gains Traction in U.S. Manufacturing
PMA mentioned in Area Development article.
Thursday, February 08, 2018
According to the Reshoring Initiative, an organization that helps manufacturers decide if they can successfully relocate their overseas operations to the U.S., reshoring and FDI (foreign direct investment) job announcements soared in 2017. For the first three quarters of 2017, announcements were up 250 percent from 2016 YTD, representing a gain of nearly 180,000 manufacturing jobs.
Over the last 10 years, leaders in the U.S. FDI/reshoring movement include GM` (12,000 jobs), Boeing (7,800 jobs), Toyota (6,000), Mahindra (6,000), Volkswagen (4,000), and Volvo (4,000). In addition, Ford, Foxconn, Mercedes-Benz, GE, Caterpillar, Polaris, and Intel have each brought back more than 2,000 jobs.
Read more here.