New research reveals that 25 percent of global trade will relocate within three years amid economic and geopolitical instability. The geographic distribution of global suppliers will fundamentally shift from being mostly global to mostly local by 2026.
A nationwide study of CEOs in 2022 found that 58 percent are considering reshoring. Forty-one percent estimate the timeframe to have operations fully reshored is one to three years. Similarly, a 2023 study of U.S. manufacturing executives by Forbes, Xometry and Zogby found that “82 percent of executives polled said they’d either moved overseas factories back home or were in the process of doing so.”