Reshoring Accelerated by the Pandemic is the Single Biggest Opportunity US Manufacturers Have Seen in 70 Years

Tony Uphoff, President and CEO of product sourcing platform Thomasnet, indicates that pandemic-induced reshoring of US manufacturing “is the single biggest opportunity U.S. manufacturers have seen in 70 years.” According to Uphoff, “scores of companies are awakening to the fact that they underestimated the risks of manufacturing overseas.” Over the coming months and years, many companies will look to end their reliance on manufacturing in remote parts of the world, transitioning their manufacturing and supply chains to North America.

https://www.pymnts.com/news/b2b-payments/2020/reshoring-of-u-s-manufacturing-presents-its-biggest-opportunity-in-70-years/