A new CNBC Supply Chain Survey reveals that the U.S. is unlikely to be the primary beneficiary if China loses manufacturing business due to President Donald Trump’s tariffs. Despite the Trump administration’s assurances of a coming “reshoring boom,” most companies surveyed say the costs of bringing supply chains back to the United States would be prohibitive, with many indicating they will instead seek out countries with lower tariffs.
The survey, conducted from April 7 to 10 and distributed to members of major industry groups such as the U.S. Chamber of Commerce and the National Association of Manufacturers, included 380 respondents from supply chain and business organizations, with 120 answering every question.
The findings show widespread skepticism about the feasibility and desirability of reshoring. Over half of respondents (57%) cited cost as the main reason for not moving production back to the U.S., while 21% pointed to the difficulty of finding skilled labor.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
