U.S. Manufacturing Reshoring and FDI Top 244,000 Jobs; 2025 Outlook: Potentially Strong but Dependent on Stable Industrial Policy
Read or download the full Reshoring Initiative 2024 Annual Report here. - - -Executive Summary
- - - In 2024, U.S. manufacturing reshoring and foreign direct investment (FDI) remained strong, driven by companies seeking to shorten supply chains, reduce exposure to geopolitical risks, and avoid costs associated with impending tariffs. In early 2025, global supply chains are grappling with uncertainty. Data from the Reshoring Initiative offers timely in-sight into how companies are responding to the changing environment.President Trump’s objective of “reindustrialization” is synonymous with reshoring and FDI. All three processes are essentially import substitution—importing less and producing more. We encourage the Administration to utilize our data and insights to refine policies and measure their effectiveness.
- - - Click here for the full Reshoring Initiative 2024 Annual Report.- - -
