The number of jobs added in the U.S. from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to set a record in 2022, according to a 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,” the report states. “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.”
If the projected numbers turn out to be accurate, the total number of reshored jobs from 2010 to 2022 will be more than 1.6 million….