February 2022 E-News: Continuing Troubles in China Make Reshoring More Attractive
These famous companies are becoming less dependent on China Apple, Microsoft, Nike, HP, Yahoo, LinkedIn, Intel and Alphabet are just a few of the companies pulling some work out of China. Companies are leaving for a myriad of reasons, including supply chain difficulties, censorship, U.S. tariffs on imports, security issues and ethical concerns regarding the mistreatment of Muslim Uyghurs. There is a space in the current TCO Estimator to quantify such factors. The revised TCO Estimator, due out this year, will more directly address these and other hot issues.
Why Reshore Reshoring is an efficient way to increase corporate profits, reduce imports and regain manufacturing jobs in the United States. It's also the fastest and most efficient way to strengthen the U.S. economy.