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.
Intro to Reshoring
Understanding What Reshoring is and its Significance to America’s Future Success.
The term reshoring is simply used to explain the process of returning domestic product manufacturing from a foreign country back to the home country of where the business’s products are sold. Reshoring is the opposite of offshoring, a strategy that has been prevalent over the last few decades where companies moved their manufacturing operations overseas to take advantage of lower labor costs and other economic benefits.