Sarasota, FL — June 9th, 2025 — The Reshoring Initiative 2024 Annual Report shows that 244,000 U.S. manufacturing jobs were announced in 2024 via reshoring and foreign direct investment (FDI), continuing the nation’s push to rebuild domestic production capacity. While early 2025 job announcements are trending lower, policy stability could quickly unlock another wave of reshoring-driven investment.
Since 2010, over 2 million jobs have been announced as U.S. companies and foreign investors bring manufacturing closer to U.S. customers, driven by rising geopolitical risk, supply chain vulnerabilities, and growing bipartisan support for American industrial competitiveness.
“Reindustrializing America is impossible without reshoring, FDI, and strong industrial policy,” said Harry Moser, President of the Reshoring Initiative. “Our data shows tremendous progress, but the U.S. must address workforce shortages and manufacturing cost disadvantages to maintain this momentum.”
Key Findings from the Report:
2025 Outlook: Momentum with Risks
Early 2025 data projects a potential drop to 174,000 announced jobs for the year — but that figure could climb rapidly if firms gain confidence in the permanence of new tariff and industrial policies. Many large tentative announcements are contingent on clearer signals from the administration.Key risks:
- Policy uncertainty is delaying investment decisions. - Potential retaliatory tariffs could dampen U.S. export opportunities. - Low-tech industries remain under-reshored, leaving U.S. supply chains vulnerable for mass-market consumer goods. - Without comprehensive reforms, U.S. manufacturing costs remain 10–50% higher than offshore competitors, driving most import decisions. A Call for Smarter Industrial Policy The Reshoring Initiative advocates for a true national industrial policy focused on: - Massive investment in skilled workforce development (modeled after German apprenticeships). - A 20% lower USD to improve global cost competitiveness. - Retention of immediate expensing of capital investments. - Smarter use of tariffs and Total Cost of Ownership (TCO) analysis to drive lasting reshoring.“The U.S. can’t count on tariffs alone to restore its industrial leadership,” said Moser. “It must level the cost playing field and build a skilled workforce to truly compete and win globally.”
About the Reshoring Initiative Founded in 2010, the Reshoring Initiative® is the nation’s leading resource for reshoring data and strategy. The Initiative maintains the most comprehensive database of U.S. reshoring and FDI cases and provides tools like the Total Cost of Ownership Estimator® to help companies make better sourcing decisions and compete against imports. Learn more at www.ReshoreNow.org. The Reshoring Initiative provides the media with custom analyses of specific regions or industries. Access the Reshoring Initiative 2024 Annual Report here.
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The Reshoring Initiative provides the media with custom analyses of specific regions or industries. Contact Harry.Moser@reshorenow.org to inquire.---
MEDIA CONTACTS: Harry Moser President Reshoring Initiative 847.867.1144 Harry.Moser@reshorenow.org or dgs Marketing Engineers® Chuck Bates, Public Relations Director 317.813.2230 bates@dgsmarketing.com- - -