The Reshoring Imperative: Revitalizing U.S. Manufacturing for Global Competitiveness

EasyChair Preprint no. 12379, version 2

Abstract

This paper explores the factors driving the reshoring trend, such as rising labor costs abroad, supply chain vulnerabilities, and advancements in technology like automation and additive manufacturing. It examines the potential benefits of reshoring, including job creation, improved quality control, reduced lead times, and enhanced innovation. Moreover, the challenges and obstacles to reshoring are analyzed, including infrastructure limitations, skilled labor shortages, regulatory complexities, and initial investment costs. Strategies and recommendations are proposed to overcome these barriers and facilitate the reshoring process, emphasizing the importance of collaboration between government, industry, and academia. Ultimately, this paper advocates for reshoring as a strategic imperative to bolster the U.S. manufacturing sector's competitiveness and ensure long-term economic prosperity.

Keyphrases: imperative, Reshoring, Revitalizing

@Booklet{EasyChair:12379,
  author = {Danny Johnson and Julia Anderson},
  title = {The Reshoring Imperative: Revitalizing U.S. Manufacturing for Global Competitiveness},
  howpublished = {EasyChair Preprint no. 12379},

  year = {EasyChair, 2024}}