Frank P. Crivello of Phoenix Investors Discusses Technology and Other Effects on Reshoring Manufacturing
As published by TMCnet Reshoring involves a company moving its manufacturing assets out of China to the U.S. and often includes sourcing alternative suppliers in the United States or North America instead of Asia. COVID-19 continues to cripple international supply chains, delaying shipments from suppliers overseas. In addition, hostile trade relations between the United States and China accelerated a reshoring trend even pre-pandemic. The reshoring concept has been gaining in popularity for a number of years, and interest from manufacturers has spiked in the face ... Read More