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Part 2 - Made in America: Reshoring is Real—or is it?
American manufacturing appears to be taking a turn and recovering from the decisions made by many businesses to take some of their operations offshore for varied reasons, mainly as a cost savings. The migration had a large impact on the economy and affected many sectors both directly and indirectly. In recent news, however many reports show manufacturers returning (onshoring) to the U.S.A.
Two major shifts seemed to have started the ball rolling and the hope for a return—one by General Electric in 2012 when they announced that they would be investing a billion dollars in an appliance plant in Louisville, Kentucky. They also planned to reshore four thousand jobs and eventually add almost twenty thousand factory positions.