'Everybody's working': White House intensifies efforts to bring manufacturing home from China
A key finding in a March 2020 Thomas survey of manufacturers and suppliers shows that over half of manufacturers are ‘likely to extremely likely’ to bring production and sourcing back to North America. Additionally, 47% of U.S manufacturers report they are now seeking domestic sources of supply.
As global supply chains are re-evaluated due to the pandemic and US-China friction, find out what will this mean for the U.S and Maryland manufacturing industry?
Is reshoring for real, or is it just a fantasy given America's higher costs of doing business and limited manufacturing workforce?
What would your State need to do to attract a meaningfully larger share of manufacturing activity in America?
What role would a renewed trade war with China have on global supply chains and prospects for reshoring to America?