US manufacturers plan to increase reshoring to get better value and more security
US manufacturers say it’s harder to do business now than during the pandemic, with 78% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (28%), increasingly complex global supply chains (28%), weak consumer demand (25%), and pressure from consumers on price (25%).As a result of challenging economic conditions, US manufacturers are streamlining their operations and costs (47%), incorporating AI into supply chains (38%), and focusing on protecting margins (36%). A further 69% of manufacturers have started to reshore their supply