Economy
December 7, 2020
Reshoring Continues Despite COVID Challenges
Written by Tim Triplett
Manufacturing has continued to reshore back to the United States this year, despite the challenges presented by COVID-19. Reshoring will continue to be an essential part of the recovery of the U.S. economy in 2021 and beyond, said Harry Moser, founder of the Reshoring Initiative, an advocacy group he formed in 2010 to bring manufacturing jobs back to the United States.
According to the newly released Reshoring Initiative 1H2020 Data Report, 2020 is on track to add 110,000 jobs as a result of reshoring and foreign direct investment (FDI), bringing the total to more than 1 million jobs brought to the U.S. from offshore in the past decade.
