Not too long ago, U.S. companies were quick to hightail it offshore to manufacture for numerous reasons, from a larger, cheaper labor pool to fewer government regulations, lower taxes, more resources of one kind or another and other reasons.
Fast forward, and a change is afoot as companies bring back their manufacturing to this country's shores and foreign manufacturers eye possibilities in U.S. sites. GlobeSt.com has reported on this trend of reshoring beginning to happen more.
Several reasons account for the shift, according to Colliers: rising labor costs overseas, improved automation technology here and better domestic supply chain resilience.
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