Size of U.S. Talent Pool, New Tech Job Opportunities Fueling Growing Reshoring Interest

Wharton professor Morris Cohen is a leading researcher on reshoring trends involving manufacturing. After decades of offshoring, multinational companies are starting to bring some of their manufacturing and technology operations back to North America. This trend is gaining steam and could have serious implications for global business operations, employment levels, government relations, and economic growth. During a recent panel discussion moderated by Professor Cohen, several reasons were identified for the growing trend in reshoring. These factors include: supply chain disruptions caused by the pandemic; higher costs and greater risks of doing business overseas; improvements in technology, innovation and talent pools that lower the cost of manufacturing in North America; and volatility in foreign exchange and other overseas financial risks, which can wipe out the profit of a global company overnight.

https://kw.wharton.upenn.edu/mindtree/2013/06/05/part-2-%E2%80%8Efactors-driving-reshoring-costs-risks-technology-innovation-and-talent/