Economic Security from Reshoring
Reducing Dependency on Foreign Countries/Adversaries
The United States imports over a trillion dollars more per year than it exports. Economists have discussed this topic for decades, but the position of HermitCrab aligns with the notion that our economic security and global leadership position suffers a steady decline for every year we experience these large trading deficits. This is a topic that is worthy of a PhD thesis, but we will keep our thoughts to under five pages.
Rethinking the Offshore Paradigm
The World Changed Dramatically; Paradigms Need to Shift
People rely on paradigms to make sense of the world by looking for the safety of truisms disguised as fact. In manufacturing, paradigms help us understand the world by giving us a set of rules or models to follow. This applies to reshoring. There are new ways of looking at offshoring that create compelling reasons to reshore product manufacturing back to the US.