The number of jobs from reshoring—that is, moving back manufacturing and production of goods from overseas to where a firm was originally located—has hit a new high in the United States, according to a recent report published by the Reshoring Initiative.
“In 2021, the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record high. Reshoring Initiative first-half 2022 data show reshoring and FDI continuing these gains. The current 2022 projection of jobs announced is around 350,000—another record, up from 260,000 in 2021,” the report states.
If the projected numbers turn out to be true, the total number of reshored jobs from 2010 to 2022 will be more than 1.6 million….