| 2016 Reshoring and FDI Stronger Than Expected | | | | | | | The 2016 Reshoring Data Report: Reshoring and FDI stronger than expected | | Our 2016 year-end data reflects the recent increase in U.S. manufacturing, with the sum of reshoring and foreign direct investment (FDI) up by 12.5% in 2016 despite the strong dollar and low freight rates. The 2016 Report, to be released March 27th, details the breakdown of the trends by industry, region and factors driving change. | | | Potential success stories reported since the election | | Many large companies such as Apple, Carrier, Foxconn, SoftBank and Quanta have announced plans to bring or keep thousands of jobs here, accelerating existing reshoring trends. | | | Debate on the causes of manufacturing job loss | | For the U.S. to develop the trade and tax policies that will be most favorable for the country, it is crucial to know how many jobs were lost to offshoring and thus how many can be created by eliminating the trade deficit. Recently, a widely quoted study incorrectly concluded that the loss of 750,000 jobs, or 13% of the manufacturing job loss from 2000 to 2010, was due to offshoring/trade, and that the balance of the jobs was lost due to automation. The Reshoring Initiative, EPI’s Robert Scott, MIT’s David Autor and ITIF’s Adams Nager all conclude that 50% or more of the losses were due to offshoring. The important takeaway is that under the right conditions reshoring can restore millions of jobs. See more details here. | | | What will drive continued success? | | | | | Walmart announces open call for U.S. products | | Walmart has announced via their U.S. manufacturing website that its 4th annual Open Call event will be held on June 28th 2017. Registration for companies interested in pitching U.S. sourced goods will open on April 3rd. | | | | |
