A Renaissance in American Manufacturing

About this Episode

Increasingly, companies are choosing to bring manufacturing back to the United States for a variety of reasons, including increased labor costs in other countries and supply chain disruptions caused by events like the COVID-19 pandemic. The Chips Act, renewable energy, and geopolitical tensions with China are additional contributors to the reshoring trend.

Companies need to carefully consider their reshoring strategies, as it can involve various approaches, such as setting up new facilities in the US, diversifying manufacturing locations, and partnering with local contract manufacturers. It's also necessary to discuss the importance of incorporating digital technology and adaptability into new facilities to avoid repeating past mistakes.

In this week's episode, Madi and Natan discuss manufacturing in the United States, with a focus on reshoring and its potential impact on workers and our economy.

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LINK DUMP:

• Axios: "A manufacturing investment supercycle is starting"
• BCG: "Honing US Manufacturing’s Competitive Edge"
• BCG: "The Shifting Economics of Global Manufacturing"
• Reshoring Initiative