Why have companies decided to reshore to the US from foreign locations? According to the Reshoring Initiative, increasing wages in hosting countries are one of the reasons most frequently given. Other factors include avoidance of pandemic-related supply chain and logistics disruptions and delays, production and transportation cost savings; improved product quality and consistency; protection of intellectual property; a more skilled workforce; improved innovation; better responsiveness to customer needs; and lower total cost of ownership.
One high-profile example of corporate reshoring is Stanley Black & Decker, which moved production of its Craftsman wrenches, ratchets, sockets, and more back to the United States from China. The company built a 425,000-square-foot facility in Fort Worth, Texas for that purpose.
Smaller manufacturers are also part of the trend. Hardinge, a Berwyn, PA. maker of CNC turning, milling, and grinding machines, has been doing some of its manufacturing in Taiwan since the early 2000s, according to Global Marketing Director Allan Snider. Late last year, Hardinge decided to bring its manufacturing back to Elmira, N.Y. where it has manufactured since the 1930s for several reasons, including better supply chain management.
https://www.areadevelopment.com/businessglobalization/q1-2021/job-creation-through-reshoring.shtml