U.S. imports from 14 low-cost countries in Asia declined by $143 billion last year.
April 25, 2024
CHICAGO—Continuing the reshoring trend of the past few years, U.S. companies are increasingly importing goods made closer to home and relying less on goods from low-cost countries in Asia.
An October 2023 Medius survey found that 69 percent of U.S. manufacturers have started to reshore and 93 percent plan to increase their pace of reshoring. To make that happen, we need a much larger and stronger skilled workforce.
Chesterton’s Fence serves as a symbolic reminder that what may appear unnecessary or obsolete at first glance may have a purpose integral to the system.
With the calendar turning to December and the countdown to 2024 almost upon us, I wanted to recap my articles from the past year and their key takeaways.
Effective configuration management enables organizations to navigate change, update configurations, and maintain the identity and integrity of complex systems.
The hazards of supply chain gaps and the advantages of domestic manufacturing became painfully clear during the pandemic. Unprecedented pressures are compelling companies to innovate and reshore production back to the U.S. to mitigate global risk and augment resiliency.
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