Download PDFOpen PDF in browserCurrent versionThe Reshoring Imperative: Revitalizing U.S. Manufacturing for Global CompetitivenessEasyChair Preprint 12379, version 16 pages•Date: March 4, 2024AbstractThis 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: Reshoring, Revitalizing, imperative
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