A new Chief Executive / IEDC survey of CEOs dives deep into one of the hottest trends in business—the race to bring production back to the United States from China.
U.S. manufacturers are now seeing this phenomenon through enough of a common lens that “they are looking to each other to see if there will be enough critical mass in the reshoring movement to build a supplier ecosystem that can rival what China has built—either domestically or in a nearshore location,” as an A.T. Kearney report puts it.
Take apparel manufacturing. The U.S. industry was given up for dead after companies moved basic yarn and fabric production to China. But now, Brooks Brothers and Under Armour are among big brands that have been reshoring clothes-making operations. Plus, Walmart is in the process of sinking a pledged $350 billion to support U.S. manufacture of clothing and other goods. Others are expected to follow.
